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Apache is functioning normally

June 2, 2023 by Brett Tams

David Walker is well aware that large language models such as ChatGPT, which was trained on the entire internet, can hallucinate. They can even make up historical events that never happened.

“They can tell lies, they can make up information,” said Walker, who is chief technology officer of Westpac, in an interview. “They’re incredibly powerful.”

The bank, which is based in Sydney and has more than 12 million customers, can’t afford to let a public version of ChatGPT make up or hallucinate answers for customers or employees who use a virtual assistant. GPT (generative pre-trained transformer) models are artificial neural networks that are pre-trained on large data sets of unlabelled text, and able to generate humanlike content.

But Walker does want to give employees and customers the ChatGPT experience of humanlike answers to their questions — if it can be done safely, with assurance the answers are accurate. 

The bank is working with Kasisto to test its Kai-GPT, a large language model trained only on conversations and data in the banking industry. 

“Hallucination in public AI models is unavoidable and can get pretty bad,” said Zor Gorelov, CEO of Kasisto, in an interview. This is why banking GPTs need accuracy, transparency, trust and customizability, he said. 

This is also why banks like Westpac will focus on internal use cases for generative AI — giving it to front-line bankers, contact center agents and mortgage workers, Gorelov said. Westpac will train Kai-GPT on its proprietary content, and thereby dramatically reduce the risk that the system will hallucinate, Gorelov said. 

Walker hopes to provide more complete and more conversational help to customers and staff, for instance, in the mortgage lending process. 

“When people apply for a home loan, they have to fill in lots of forms,” Walker said. “We need to know who you are, we need to know all kinds of things about you. This is going to aid us in checking the quality of information coming in, so it’s going to stop us having to go backwards and forwards to our customers. It’s going to streamline the process. It’s going to help our customers, it’s going to help our lending staff, and it’s going to make things much more straight through and seamless.”

Other banks are likely to do similar experimentation over the next two years, according to Peter Wannemacher, principal analyst, digital banking at Forrester.

“Specialist tools built on top of a large language model will be launched by vendors, traditional financial institutions and fintechs,” Wannemacher said. “Most traditional financial institutions will start by focusing on employee-facing generative tools, rather than exposing a chatbot built on top of a large language model directly to the end user.” 

But he also thinks banks will proceed with caution. 

“Large language models have suddenly become both better and widely utilized, but they still fail spectacularly and can even generate totally wrong, even fraudulent outputs,” Wannemacher said. “Money is a highly sensitive area of people’s lives, and traditional banks will rightly resist launching anything customer-facing until they have a much better sense of what can go wrong and how to address it.” 

To prevent Kai-GPT from answering a question based on information from another bank that doesn’t pertain to Westpac, Walker is using what he calls layering. One layer of the model is trained on data and conversations from many banks. Another layer is trained on information specific to Westpac, such as its policy documents, forms and websites and recordings of conversations in the bank’s contact centers. 

“As it formulates an answer, to work out the intent of the question, it will draw on that industry layer,” Walker said. “It’s got the knowledge of all those conversations from all those banks and it’ll be smarter because of that. But it’ll draw even deeper down into the Westpac-specific model when you’re talking about terms of a home loan or a deposit interest rate. Those layers work together to formulate these really rich, wonderful answers, but in an accurate and concise way.” 

Using as much data as possible gives a richness and precision to answers, Walker said: “It’s still a matter of identifying what you want to train on and what knowledge you need the GPT engine to understand.” 

The bank is moving slowly for now to ensure the new technology fits within its responsible AI policy and “how we think ethically about protecting our staff and our customers,” Walker said. “We want to make sure that we don’t run ahead too fast and throw something out there that could do harm. We have the principle ‘do no harm.’ It’s sort of fundamental.”

The first go-live of Kai-GPT at Westpac will be in mortgage operations. Over the next few months, the bank will workshop the use of the technology in the loan application process to help borrowers know what forms they should use and what information the bank needs to receive, which should help speed up the process for the bank.

Once Walker’s team feels confident about Kai-GPT’s ability to help employees and customers and do no harm, he thinks he’ll be able to quickly deploy it to other areas of the bank.

The key advantage of a large language model over earlier generations of chatbots in use at Westpac is the richness of the answers it can provide, Walker said.

“It provides an answer in a way that’s more like a human talking to a human, so customers or employees feel like they’re getting the information they need rather than just sharp one-liners,” he said. “We think this is quite a game changer when it comes to this next generation of working with artificial intelligence.” 

Westpac already uses Kasisto’s Kai software as an orchestrator of other chatbots the bank uses in areas like service management, human resources and risk management. If an employee can’t remember which bot to go to for information, he or she can go to the orchestrator and get routed to the right chatbot.

“We thought that that was a very powerful way to handle conversation and we’ve found that really useful,” Walker said. “It’s a one-stop-shop entry point.”

Kai-GPT was trained on Kasisto’s own data, data from other banks Kasisto works with and information gleaned from financial websites, SEC filings and other sources. 

“Our goal is to create the best large language model in the world designed for banking and financial services and achieve what we call artificial financial intelligence,” Gorelov said. “We feel that our job is to help our customers of all sizes to have the highest performing large language model that is designed and built for banking that provides accurate responses and knows more about banking than most bankers do.”

Kai-GPT is transparent, Gorelov said, in terms of the data and methodology used for its training.

“It is trusted, because we’ve worked with banks over the past 10 years,” he said. “We know how precise they are, how demanding they are when it comes to personally identifiable information and proprietary content.”

The program is also customizable, so banks can inject their own content and make it work better on their own data sets.

The bigger the data set and the more questions a large language model is capable of answering, the more important and difficult to enforce guardrails become. 

“The world went from prescriptive AI, where every intent, every response needed to be designed manually to generative AI, where you no longer need to anticipate every user’s question and retrain the model when something new comes up,” Gorelov said. “It’s a different world we live in and we’re quite excited about it. But guardrails and the AI protection, transparency, visibility of sources, those issues become more and more important.”

Source: nationalmortgagenews.com

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Apache is functioning normally

June 1, 2023 by Brett Tams

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America has lots of old houses. According to the National Association of Home Builders, the average owner-occupied structure is about 40 years old in 2016. For reference, that’s higher than the U.S. median age of 38.8.

In some parts of the country, the housing stock is far older. On average, owner-occupied housing in New York, Massachusetts, and Pennsylvania is more than 50 years old. Though there are exceptions to the rule, homes tend to be older throughout the Northeast and Midwest and in urban cores across the country.

By contrast, newer homes and bona fide new construction homes are more common in Southern and Western cities in general, and in suburban and exurban communities across the country. For example, the median age of owner-occupied homes in Nevada is barely 20 years old.

What Counts As an Older Home?

As a general rule of thumb, homes built after 1990 are considered newer, and homes built before 1940 are considered old or antique. But housing age is a subjective condition that turns on numerous factors, including construction style and quality, local climate and geology, and work done over the life of the home.

The most important factors include:

  • Construction style and quality. Prefabricated and mobile homes are generally constructed to lower quality standards than solidly built Tudors, Craftsmans, or Colonials. Mass-produced houses, which tend to be newer, can have quality issues as well. However, custom-built new homes may be constructed even more solidly and durably than older homes. Ultimately, construction quality comes down to the quality of the materials used and the skill and diligence of the builders.
  • Climate and geology. Climate — particularly humidity, temperature extremes, and storms — accelerate the aging process. Homes in the eastern half of the U.S. are more likely to experience problems attributable to these issues, such as roof damage and basement or foundation moisture, than homes in coastal California cities like San Francisco and Los Angeles. Geological factors that can accelerate the aging process include seismic activity, sinkholes and limestone geology, and high water tables.
  • Renovations. In some cases, antique homes are updated so dramatically that it’s difficult to define their age any longer. For instance, my wife’s parents owned a farmhouse built in the 1880s. But successive owners thoroughly updated, modernized, and expanded the house over the years. In fact, the only original components were an old cinder block foundation and basement (now completely encased by a newer, expanded foundation and basement) and a few structural supports rising above the original footprint. Most other components dated from the 1970s or later. So is it really fair to say the house was an original 1880s farmhouse?

Common Older Home Problems & Potential Solutions

Even well-maintained older homes can present problems that owners of newer homes simply don’t need to deal with. These include health hazards such as asbestos and mold, serious pest problems that can lead to structural issues, and issues with utility systems like wiring and plumbing.

1. Lead and Asbestos

Lead and asbestos are two hazardous materials that were used in residential applications until relatively recently.

Lead is a neurotoxic metal that’s particularly harmful to children. It’s commonly found in exterior and interior paint made before 1978. It’s also found in substantial quantities in pre-World War II plumbing systems and in smaller quantities in water pipes installed before the mid-1980s.

Asbestos is a naturally occurring fibrous material that causes a serious form of lung cancer and other respiratory problems. It was a ubiquitous insulation and fireproofing material until the mid-1970s. Successive EPA actions banned most asbestos applications by the late 1980s, but the agency never required building owners to remove existing asbestos products. Accordingly, many older crawlspaces, walls, and pipes still contain asbestos insulation.

If you determine that you need professional help to deal with either of these environmental issues, use a resource like HomeAdvisor to find reputable, pre-vetted contractors in your area.

Possible Solutions: Lead Paint

When you buy a home built before 1978, you’re usually required to affirm your understanding that the home may contain lead paint. If you’re uncomfortable with the idea of coexisting with lead paint, invest in professional lead paint removal services.

According to HouseLogic, professional removal of lead paint costs $8 to $15 per square foot, or about $10,000 for a typical whole-house project. The medical literature isn’t conclusive on the matter, and some housing experts say it’s fine to leave lead in place as long as it’s not disturbed. But removal is recommended for homeowners with small children.

Possible Solutions: Lead Plumbing

If your home’s plumbing system is very old, it could still contain measurable quantities of lead. The most cost-effective way to deal with this is a water filtration system, either for the entire house ($1,000 to $3,000, depending on house size and system quality) or the kitchen tap ($200 to $1,000, depending on brand and quality).

Replacing the home’s entire piping system is the only way to ensure totally lead-free water, but doing so can cost upwards of $10,000.

If your home is older but has had significant plumbing upgrades — plastic-looking or shiny copper pipes being giveaways — then the only remaining lead elements could be in the service line branching out from the water main under your street. That bad news is that replacing a service line means digging up your front yard or sidewalk (or both) at significant expense: anywhere from $3,000 to $5,000 for a short line to $15,000 or more for a longer line.

Fortunately, more and more states and cities subsidize lead service line replacement costs, so check with your local water department or state health department before paying out of pocket.

Possible Solutions: Asbestos

Though direct, prolonged exposure to asbestos is a serious health hazard, insulation tucked away in inaccessible walls is not likely to pose a direct risk. However, removal is recommended if you plan on knocking down walls, expanding your home’s footprint, or attempting other expansive projects likely to uncover asbestos-laden material.

Asbestos removal costs vary greatly by project size and location. The general range is $5 to $20 per square or linear foot, which doesn’t really narrow it down. Think of it this way: a single pipe or wall runs in the high three- or low four-figure range, while a whole-house project costs $10,000 to $30,000, depending how extensive the asbestos is.


2. Termite Damage

Over time, termites can devastate homes’ wooden and wood-like components, including floors, structural supports, and drywall. The problem is particularly acute in the southern half of the country, where termites are active for most or all of the year. Older homes are more likely to have active termite infestations or preexisting termite damage due to compromised foundations or drywall.

Depending on the length and severity of the infestation, termite damage repairs can range from cosmetic fixes (such as replacing damaged floorboards) that cost a few hundred dollars to structural remediation projects that can cost $10,000 or more.

Signs of termite damage include:

  • Sagging or buckling floors
  • Pinpoint holes in drywall
  • Hollow-sounding wood supports or floorboards
  • Bubbling or peeling paint

Possible Solutions: Prevention

Prevention is the cheapest and least invasive termite solution:

  • Remove all loose wood vectors — including shrubbery, mulch, building materials, and stacked firewood — from contact with the lowermost portion of your house.
  • Prevent water from pooling near or against your home’s foundation by filling in low ground or installing a surface drainage system.
  • Use treated lumber (toxic to termites) for decks and other wooden structures attached to your house.
  • Remove dead stumps and root systems from areas near the house.
  • Seal visible foundation cracks, which provide ready entry for termites.

Your prevention costs depend on what’s necessary. They range from basically free (if you don’t account for the value of your time) for removing shrubbery and mulch, to a few thousand dollars for termite-proof decks or elaborate drainage systems.

Possible Solutions: Ongoing Infestations

For infestations in progress, hire a pest control professional to shrink or eliminate the colony. Exterminators typically charge $3 to $20 per linear foot (as measured around the home’s perimeter), according to HomeAdvisor. The average home’s perimeter ranges from 150 to 200 feet, so expect comprehensive treatment to cost anywhere from $450 to $3,200.

Bear in mind that your actual all-in cost will depend on the foundation type, the infestation’s severity, and the treatment type used. Chemical, tenting, and bait treatments tend to be cheaper than heat or fumigation.

If you catch the problem before you buy, perhaps during a professional home inspection (which costs $200 to $500 and is highly advisable before you purchase a home anyway), get a repair estimate from a general contractor. Then negotiate with the seller to cover part or all of the repair costs, as well as the cost of professional pest control services if the infestation is still in progress.


3. Mold and Mildew Damage

Over time, homes exposed to excessive moisture often develop mold and mildew problems. Though particularly common in basements and bathrooms of wet-climate homes, moisture-related microorganism growth can occur anywhere. The problem is more likely to occur in old homes because moisture more readily seeps through cracked foundations and leaky pipes. However, since infestations can start inside walls, it’s possible to walk through a mold-infested older home for sale without realizing there’s a problem.

While small amounts of indoor mold growth are permissible and even expected, uncontrolled growth can worsen allergies and other respiratory problems (such as asthma) even in healthy children and adults. More serious infections can develop in the very young, the very old, and those with compromised immune systems.

Also, mold eats away at its host surfaces, particularly wood, drywall, grout, and other porous or semiporous substances. Unchecked mold infestations can cause structural problems and render a home temporarily or permanently uninhabitable.

Possible Solutions

Your mold and mildew solution will depend on the severity of the problem:

  • Prevention: As with termite infestations, the best solution to mold and mildew is prevention. Buying a dehumidifier (anywhere from $100 to $500 new, plus $30 to $100 in annual electricity costs) for your basement or crawlspace can work wonders. Ensuring proper ventilation through a combination of floor or ceiling fans and open windows during dry, mild weather can help on higher floors.
  • Minor Infestations: You can treat small mold infestations, such as on an isolated area of a basement or bathroom wall, with store-bought mold spray, abrasive sponges or brushes, kitchen gloves, and lots of elbow grease.
  • Major Infestations.: For larger infestations, the spray-and-scrub approach is impractical. According to HGTV, whole-home mold remediation can cost as much as $5,000 and possibly more if the infestation affects hard-to-reach areas like the attic, basement crawl spaces, or inside the walls. To reduce remediation costs, make sure your homeowners insurance policy covers mold cleanup before you buy an older home, and consider switching policies (using a comparison engine like PolicyGenius to save time) if your policy doesn’t.

4. Plumbing Problems

The biggest danger of an old or substandard plumbing system is the possibility of a pipe failure that floods the home or causes major water damage in the walls and floors. A serious failure can temporarily render the home uninhabitable and cost tens of thousands of dollars to clean up, though the damage is often covered by homeowners insurance. It can also cause longer-term problems, such as mold infestations.

Before purchasing an older home, ask the seller how old the plumbing system is and about the material used in supply (fresh water) and drainage pipes. Whereas brass and copper pipes typically last 50 years or more, steel pipes can wear out after as little as 20, according to HouseLogic. Pipes made from PEX, an increasingly common plastic material in fresh water piping, typically last 40 or 50 years.

Special care is warranted if your drainage pipes are made of polybutylene, a grayish, flexible plastic material used from the 1970s to the 1990s. Chlorine, which is found in bleach and other household cleaners, corrodes polybutylene pipes over time and can lead to spontaneous failure.

Root damage is another old home plumbing issue that’s particularly common in heavily vegetated neighborhoods — which also tend to be older and thus have more old houses. Over time, tree roots work their way into older drainage pipes under or outside the home’s foundation, busting through pipe joints and tapping the year-round supply of nutrient-rich water flowing within.

Without proper maintenance, this leads to clogs and backups that can interrupt washing routines and cause water damage in low-lying parts of the house. Remember that tree roots can travel a long way underground. There may be no obvious culprit near your main drain outlet, but that mature tree across the street or around the side of your house could be responsible.

Possible Solutions: Pipes

If you’re eying a home with polybutylene pipes, ask the seller to install (and pay for) new pipes or knock the replacement costs off the purchase price. If they refuse, consider whether you can put up with the inconvenience and cost of replacing the pipes yourself, which you should do as soon as your budget allows to minimize failure risk.

For other common pipe materials, you simply need to ascertain the system’s age and target a date several years before the end of its life expectancy. If you plan on still owning the house when that date arrives, begin saving for a full system replacement now, keeping in mind the effects of inflation.

In a 1,500 square-foot house with two bathrooms, whole-house pipe replacement costs range from $4,000 to $10,000, according to HouseLogic. The exact amount depends on the pipe material and number of water fixtures. Larger homes and homes with more bathrooms cost more than $10,000, so budget accordingly.

Possible Solutions: Root Damage

Root damage fixes can be even costlier. Replacing a root-infested main drain pipe typically requires excavation, a notorious cost multiplier. Expect to pay up to $25,000 if the repair crew needs to dig under the slab or dig a trench in your front yard. Other factors include the length of the pipe and required depth of excavation.

Root-and-line jobs, which remove existing roots and install impermeable liners that prevent further intrusion, are nearly as expensive: $5,000 to $15,000, on average.

Periodic root removals are much easier on the wallet: anywhere from a couple hundred bucks to around $1,000, depending on the severity of the problem. But they need to be repeated every couple years, and even then, the problem slowly worsens over time.


5. Foundation or Structural Problems

Over time, nature catches up with even the most solidly built homes. Older homes are prone to a variety of foundation and structural problems, such as:

  • Major cracks or unevenness in the slab or perimeter foundation wall
  • Corrosion, dry rot, or moisture damage in pilings or concrete foundation supports
  • Damaged piers (support footings)
  • Dry rot or moisture damage in above-ground studs

These issues are particularly common, and tend to occur sooner, in regions with abundant soil moisture, unstable bedrock, seismic activity, and other perils. Though alert homeowners generally catch structural problems before they render homes uninhabitable, remediation is costly and inconvenient.

Signs of foundation or structural problems include:

  • Doors that jam or fail to latch (though this can be a sign of localized moisture damage too)
  • Visible diagonal wall cracks that grow over time
  • Visible cracks wider than 1/8″ in basement or crawlspace walls
  • Cracked tile or concrete floors
  • Persistently stuck windows (also a possible sign of localized moisture damage)
  • Floors that are bowed or have a clear slope in one direction
  • Unexplained water in your basement or sealed crawlspace, especially after heavy rain or snowmelt

Possible Solutions

Any apparent foundation or structural issue requires an expert opinion from a structural engineer ($500, on average). Addressing a modest foundation issue, such as a crack in the perimeter wall, can cost a few hundred dollars. More serious problems, such as uneven soil that requires support piers underneath the foundation, can cost $10,000 or more. And in seismically active areas, foundation anchor bolts are required or recommended — at a cost of at least $1,500 apiece. Many homeowners insurance policies don’t cover these costs.

If the foundation requires extensive repair or wholesale replacement, costs can quickly escalate. Expect to pay a minimum of $25,000 and as much as $100,000 to raise your home and replace the foundation, per HomeAdvisor. Again, homeowners insurance often doesn’t cover these costs. If you’re seriously thinking about buying an older home with obvious foundation damage, factor repair costs into your offer price or ask the seller to address the problems before closing.

Also, note that the cost of repairing secondary issues related to foundation damage (such as damaged upper-level flooring, walls, and doors) varies greatly and can add thousands or tens of thousands of dollars to your project. So the total bill to make your home “like new” after a full foundation replacement — assuming that’s even possible — could well exceed $100,000.


6. Radon

Radon is a radioactive gas that occurs naturally in certain types of bedrock. An Environmental Protection Agency shows elevated radon potential across broad swathes of the Northeast, Midsouth, Midwest, and Intermountain West, but it can occur anywhere.

Radon enters homes through cracks in the foundation perimeter and basement walls, which are more common in older homes. The gas then circulates throughout poorly ventilated houses over time. Though it’s not acutely toxic and has little impacton health when encountered intermittently and in small doses, radon is the leading cause of lung cancer for nonsmokers. Exposure over the generally accepted safe concentration is not recommended for long periods.

Possible Solutions

Radon mitigation typically involves capturing gas in the soil or rock surrounding the foundation and piping it up to a rooftop vent, then sealing foundation cracks to prevent further leakage. It can also involve installing one or more depressurization vents outside the house (venting radon before it reaches the foundation), as well as negative-pressure fans that essentially blow radon from the basement or lowest level back into the soil.

According to Kansas State University, the average cost of a radon mitigation system is about $1,200. But the actual cost can vary between a few hundred dollars to more than $3,000, depending on the home’s size, foundation type, and the problem’s severity.

Amazon sells radon testing kits for less than $20, though you may need to pay to ship the kit to a certified lab for analysis. Still, your all-in cost should be under $50, making for an inexpensive way to see if you need to call in the professionals.


7. Roof Problems

Older homes tend to have older, possibly deteriorating roofs. This presents numerous problems, including pest infestations, interior water damage, and less-effective insulation. Problems stemming from a compromised roof, particularly once interior leaks begin occurring regularly, can cost tens of thousands of dollars to fix and may not be covered by homeowners insurance.

Warning signs of potential roof issues include:

  • Missing or damaged shingles
  • Crumbling roof cement
  • Bowed or sagging gutters
  • Persistent moisture in the attic
  • Evidence of water damage in the upper floors
  • Critters in the attic or upper crawlspaces

Possible Solutions

Before you buy an older home, assess the roof’s age and condition to the best of your ability. Unless the seller put the roof on, they might not be aware of when it was installed, so consider hiring a roof inspector ($100 to $800) if there are obvious signs of wear.

Next, consider the likely lifespan of your current roof and its potential replacement:

  • Shingles. On sloping roofs, asphalt shingles typically remain in good shape for 15 to 20 years. Treated wood shingles last 20 to 30 years.
  • Metal. Metal roofs are typically warranted for 20 to 40 years, though they often last longer and require little maintenance.
  • Tile and stone. Tile and stone roofs can last up to 100 years with proper installation and maintenance.

Within these categories, construction quality matters. For example, on sloping shingle roofs, a rubber or thermoplastic coating layer can mean the difference between a roof that goes bust at 15 years and one that keeps on chugging well beyond that. Of course, no matter the material, a roof’s actual lifespan depends on installation quality, prior maintenance record, roof slope, and local climate.

Replacement costs vary greatly by material, but you can expect to spend anywhere from $5,000 to more than $15,000 to replace an entire asphalt shingle roof. Slate (stone) roofs cost $20,000 to $40,000 to replace, on average. In both cases, inflation has done a number on project budgets due to surging material costs.

If the roof’s problems are confined to a small area and the roof isn’t near the end of its predicted lifespan, you can save money by replacing or repairing only the damaged section. If the roof is older or widely damaged, it makes long-term financial sense to replace the entire thing, or at least one whole side.


8. Inefficient Windows

Old homes are more likely to have older, inefficient windows. The primary downside of inefficient windows is higher electricity bills because the home’s climate control system has to work harder to compensate for leaks.

According to the Federal Government’s ENERGY STAR program, installing the most efficient class of windows in your entire home can reduce your annual electric bill by as much as $600, depending on the size of your home and where you live. You may also be eligible to claim federal tax credits under the Inflation Reduction Act, up to $1,200 per project. This credit must be shared with other types of projects, such as wall and attic insulation, if you’re doing more than one in a single tax year).

Possible Solutions

Address inefficient windows temporarily with passive heating and cooling methods, such as shutting windows and blinds on hot days and opening them at night, and by using plastic film ($10 to $20, on average) to seal leaks during the winter. Sealing cracks around your windows and reinforcing your home’s insulation, a more permanent solution, can cost upward of $1,000.

The ultimate leaky-windows solution is simply to replace old windows with more efficient ones. While judicious window replacement is often cited as one of the top home improvement projects to reduce long-term homeownership costs, bear in mind that super-efficient windows are costly. Installing them in your entire house could set you back $10,000 or more, meaning you might never earn back your investment even after accounting for the tax credits and energy savings.


9. Inadequate or Unsafe Electrical Systems

Electrical problems fall into two categories: convenience and safety.

First, convenience: Unless their electrical systems have been updated, older homes lack sufficient numbers of electrical outlets to address our collective addiction to electronic devices. They might also not have enough power supply to handle energy-hungry modern appliances, such as whole-house heat pumps, induction stoves, and electric vehicle chargers.

Second, and even more importantly, safety: The lifespan of electrical wiring itself is limited by the lifespan of the wire’s insulation. Wiring installed before 1960 lasts roughly 70 years, while newer wiring is estimated to last at least 100 years. Once the insulation deteriorates to the point that the actual wire is exposed, the risk of electrical fire, shocks, short circuits, and localized (single- or multiroom) power failures increases dramatically. Don’t let your home’s wiring reach that point.

Electrical service panels and circuit breakers are also prone to deterioration. Service panels last 60 or 70 years, while breakers last 30 or 40. Failing panels and breakers can cause shock, power failure, fire, and other dangers.

Note that water damage, fire, pest infestation, and other unusual events can harm some or all of an electrical system’s components, necessitating repair or replacement long before they reach their life expectancy.

Possible Solutions

Electrical work is dangerous and confusing for novices, so avoid taking the DIY route with your electrical project. Instead, hire a licensed electrician.

A qualified electrician typically takes 30 to 60 minutes to install a single outlet, at a cost of anywhere from about $100 to about $500, but the average cost is on the lower side of this range. If a new circuit is required, the cost will be higher, though not excessively so.

A new service panel starts at about $900, but a higher-amp option (which may be required for high-power appliances) costs more: up to $2,500 for new 200-amp service and up to $4,000 for new 400-amp service.


10. Failing or Inefficient Mechanicals and Appliances

Old homes are more likely to have old mechanical equipment, such as water heaters, furnaces, and air conditioning units, as well as older household appliances. Mechanical and appliance lifespan varies by item, brand, and workload. On average, expect major mechanical equipment and appliances to age as follows:

  • Water heater: 10 to 15 years
  • Furnace: 15 to 30 years
  • Central air conditioning system: 15 to 25 years
  • Refrigerator: 15 to 20 years
  • Washers and dryer: 10 to 15 years

Equipment near the end of its useful life is more prone to failure, raising the possibility of an inconvenient or dangerous situation — such as the heat going out in the dead of winter or an electrical fire — that needs to be addressed immediately. Moreover, older equipment is usually less energy-efficient, resulting in ballooning utility costs.

Possible Solutions

Older homes with recently updated mechanical equipment and appliances typically fetch a premium. If you’re fine with buying older mechanicals and appliances, research each unit and determine about how much longer it can be expected to last. Draw up a replacement schedule commensurate with your time horizon and begin saving for the most pressing projects. If your furnace has 15 years left and you plan on selling in five, replacement isn’t necessary.

Mechanical and appliance replacement costs vary by item and brand.

Natural gas furnaces cost about $3,000 to $7,000, on average, with existing ductwork. Heat pumps may cost less if they can be tied into existing ductwork. Ductless heat pumps typically cost $5,000 or more per zone, though you may get a deal on systems with three or more zones. Heat pumps have lower operating costs because they’re much more efficient than either gas or traditional electric heaters, however.

Efficient tankless water heaters can cost as much as $6,000, though the average installation cost (per Fixr) is closer to $3,000. Traditional gas or electric tank heaters cost even less, in the $1,000 to $2,500 range. A heat pump water heater costs $2,000 to $5,000, but the lifetime operating costs are lower than gas or traditional electric.

Thanks to the Inflation Reduction Act, your heat pump purchase may qualify for an impressive federal tax credit — up to $2,000 or 30% of the total project cost. State tax credits and utility rebates may stack on top of this incentive, saving you up to $8,000 in some places. So even if the out of pocket cost is a bit higher, your net cost is likely to be lower than a conventional appliance.

If you plan ahead to replace your old water heater or laundry machine, finding room in your household budget won’t be an impossible task. Set up an interest-bearing, FDIC-insured savings or money market account earmarked specifically for the project.

But an unexpected replacement can really set you back, particularly if there’s damage involved. A family friend recently had to replace his old dryer after a massive electrical fire was sparked by faulty wiring and exacerbated by a clogged dryer vent. Including cleanup, the bill came to more than $20,000, though his homeowners insurance policy covered most of the cost.


11. Unhelpful, Unfinished, or Outdated Updates

Older homes typically have more than one previous resident, and sometimes a lot more. All those past homeowners had license to do what they wished with the property.

While many older homes retain the charm and function of their original construction, others have a host of unhelpful or anachronistic updates that detract from the homeowner’s experience and potentially add to the cost of ownership. Particularly costly updates that may need to be rectified shortly after moving in include:

  • Poorly designed, inadequate, or simply tasteless kitchens
  • Illegal basement bedrooms (lacking egress windows, for instance)
  • Incomplete projects, such as a partially finished basement or partially laid patio

Before we bought our current house, my wife and I went to an open house at a 100-year-old home with a half-finished basement, half-finished screen porch, and a literally transparent exterior paint job. The home had been purchased just a few months earlier for far less than the current asking price, suggesting the current owner had attempted to flip the house and had become overwhelmed. Our real estate agent remarked, “It looks like this guy ran out of money and bailed.”

Possible Solutions

As long as they’re not unsafe, you can live with unhelpful or outdated features until you have room in your budget to fix them. The cost of said fixes varies widely. A full kitchen update typically runs north of $20,000, while replacing outdated moldings or rectifying a hideous interior paint job might cost only a few hundred.

Half-finished add-ons, such as the porch at the abandoned flip mentioned above, are another matter. They can be unsafe, particularly for small children, and may provide access points for insects and rodents. Think twice about buying an older home with too many wonky updates or haphazard design touches, as they often disguise bigger problems.

For instance, we found out later that the abandoned flip had serious foundation problems that would cost tens of thousands of dollars to fix. The scale of the foundation issue likely compelled the flipper to walk away from the property before completing the job.


12. Substandard or Unsafe Features

Older homes sometimes have too much charm. Depending on the style, location, and history of a particular house, some original features may be obsolete, not up to current building codes, or actually unsafe. Examples include:

  • Old laundry chutes
  • Servants’ staircases
  • Staircases leading nowhere (commonplace in houses that were once divided into multiple dwelling units)
  • Steep staircases
  • Low ceilings
  • Blocked-off chimneys
  • Nonworking fireplaces

Our current home is by far the nicest place we’ve ever lived, but it nevertheless has a steep, winding staircase we’d feel uncomfortable allowing a toddler to traverse, as well as an obsolete chimney that’s showing early signs of deterioration.

Possible Solutions

Many jurisdictions are lenient about substandard or against-code features in owner-occupied residences, relative to rental or commercial properties. Accordingly, you likely won’t be required to fix such issues after taking possession of your older home unless they threaten other properties (for example, by directing excessive storm runoff toward neighboring foundations). However, fixing these issues can preserve or increase your home’s value, not to mention enhance the safety and comfort of its occupants.

Some problems have straightforward, affordable solutions. For example, childproofing our steep staircase simply involves installing a latching door or child gate at the entrance. Others, such as a crumbling chimney, require regular upkeep (repairing flashing and any damaged roof materials) that can cost a few hundred dollars per year.


Potential Benefits of Owning an Older Home

You wouldn’t guess it from the litany of potential problems owners of old houses can face, but old-home ownership has its benefits too. Older homes are often conveniently located in established, amenity-rich neighborhoods; inside, they offer abundant charm and equity-building opportunities.

1. Convenient Location

Because most cities grow outward over time, older homes tend to be located closer to employer- and amenity-rich downtown cores. A convenient location offers many time-saving and healthful benefits, such as shorter commutes (and the opportunity to use public transit or commute by bike) and easier shopping trips.

By contrast, newer owner-occupied homes tend to be built where land is cheapest, often on the edges of existing towns and cities. Such places aren’t always convenient.

However, these rules aren’t universal. Big cities have plenty of newly built condos downtown or close by, and many rural homes are quite old.

2. Hard-to-Duplicate Original Features

Though some older homes lack character, many showcase charming, period-specific features that are pleasing to the eye and may increase resale value. For instance, the built-in storage and display cabinets in our older home’s dining room definitely influenced our purchasing decision because it was both aesthetically pleasing and practical. In our region, the only new homes that contain such built-in furnishings were well out of our price range and preferred neighborhood.

3. More Established Neighborhood

In towns and cities, older homes are often located in established neighborhoods with long-term homeowners who care about the area and community, mature landscaping and tree cover, and a general sense of community. Such areas are also more likely to be connected to municipal infrastructure, such as sewer and water systems.

By contrast, less-established neighborhoods tend to have less community engagement, particularly if the homes are very new and most residents are busy professionals without the time to engage their neighbors. Plus, newer subdivisions look bleak until newly planted trees and shrubs fill out.

4. Potential for Better Construction Quality

Depending on the building style and location, an older home may be constructed more solidly and durably than newer homes. This is particularly true for budget-friendly new homes in recent subdivisions, which are typically built by big companies with the ability to cheaply mass-produce the structures.

Then again, some of America’s original suburbs were mass-produced housing tracts built shortly after World War II. When considering any home built to standardized specifications, learn as much as possible about the materials, methods, and labor used by the construction company.

5. More Opportunities to Build Equity

Creative, enterprising, diligent homeowners see opportunity in older homes’ shortcomings. Every poorly designed kitchen, unfinished basement, or non-landscaped yard is a project in waiting. A well-chosen, well-executed renovation or update can boost a home’s appraised value, and its eventual resale value, by more than the project’s cost.

Your budget is likely to limit the scope of your vision, particularly right after you move in. But equity-building projects become more manageable when they’re planned and budgeted for well ahead of time. My wife and I are already kicking around ideas (and saving) for a finished basement and brand-new detached garage, even though we won’t start on either project anytime soon.


Final Word

Even a charming, beautifully staged older home in a convenient, tight-knit neighborhood is likely to have some of the drawbacks mentioned above. If you choose to fix most or all issues as they arise, you’ll likely end up spending tens of thousands of dollars during your time in the home.

Alternatively, if you choose to ignore serious issues or do only the bare minimum to fix them, you’ll likely have to accept a lower sales price or cover the cost of major repairs just before selling. Either way, you could limit or negate the overall return on your real estate investment by purchasing an older home.

That’s not to say that newer homes don’t require major repair and upkeep investments over time. And new homes often come with additional expenses that owners of older homes aren’t likely to face, such as homeowners association fees. Ultimately, it’s more important to choose the home that feels right to you and your family than to obsess over what could go wrong with your new abode.

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Brian Martucci writes about credit cards, banking, insurance, travel, and more. When he’s not investigating time- and money-saving strategies for Money Crashers readers, you can find him exploring his favorite trails or sampling a new cuisine. Reach him on Twitter @Brian_Martucci.

Source: moneycrashers.com

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June 1, 2023 by Brett Tams
$38000 a year is how much an hour? Learn how much your 38k salary is hourly. Plus find a 38000 salary budget to live the lifestyle you want.

This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.


38k salary is a solid hourly wage; above most minimum hourly wage jobs.

For most people, an entry-level job would be paying just over $38,000 a year. The question that remains is can you make a living off $38k a year.

The median household income is $67,521 in 2020 which decreased by 2.9% from the previous year (source). Think of it as a bell curve with $68K at the top; the median means half of the population makes less than that and half makes more money.

The average income in the U.S. is $48,672 for a 40-hour workweek; that is an increase of 4% from the previous year (source). That means if you take everyone’s income and divided the money out evenly between all of the people.

But, the question remains can you truly live off 38,000 per year in today’s society since it is well below both the average and median household incomes. The question you want to ask all of your friends is $38000 per year a good salary.

In this post, we are going to dive into everything that you need to know about a $38000 salary including hourly pay and a sample budget on how to spend and save your money.

These key facts will help you with money management and learn how much per hour $38k is as well as what you make per month, weekly, and biweekly.

Just like with any paycheck, it seems like money quickly goes out of your account to cover all of your bills and expenses, and you are left with a very small amount remaining. You may be disappointed that you were not able to reach your financial goals and you are left wondering…

Can I make a living on this salary?

$38000 a year is how much an hour? Learn how much your 38k salary is hourly. Plus find a 38000 salary budget to live the lifestyle you want.

$38000 a year is How Much an Hour?

When jumping from an hourly job to a salary for the first time, it is helpful to know how much is 38k a year hourly. That way you can decide whether or not the job is worthwhile for you.

38000 salary / 2080 hours = $18.27 per hour

$38000 a year is $18.27 per hour

Let’s breakdown how that 38000 salary to hourly number is calculated

For our calculations to figure out how much is 38K salary hourly, we used the average five working days of 40 hours a week.

Typically, the average workweek is 40 hours and you can work 52 weeks a year. Take 40 hours times 52 weeks and that equals 2,080 working hours. Then, divide the yearly salary of $38000 by 2,080 working hours and the result is $18.27 per hour.

Just above $18 an hour.

That number is the gross hourly income before taxes, insurance, 401K, or anything else is taken out. Net income is how much you deposit into your bank account.

You must check with your employer on how they plan to pay you. For those on salary, typically companies pay on a monthly, semi-monthly, biweekly, or weekly basis.

What If I Increased My Salary?

Just an interesting note… if you were to increase your annual salary by $5K to $43K per year, it would increase your hourly wage to over $20 an hour – a difference of $2.40 per hour.

To break it down – 43k a year is how much an hour = $20.67

That difference will help you fund your savings account; just remember every dollar adds up.

How Much is $38K salary Per Month?

On average, the monthly amount would be $3,167.

Annual Salary of $38000 ÷ 12 months = $3167 per month

This is how much you make a month if you get paid 38000 a year.

$38k a year is how much a week?

This is a great number to know! How much do I make each week? When I roll out of bed and do my job of $38k salary a year, how much can I expect to make at the end of the week for my effort?

Once again, the assumption is 40 hours worked.

Annual Salary of $38000/52 weeks = $730 per week.

$38000 a year is how much biweekly?

For this calculation, take the average weekly pay of $730 and double it.

$730 per week x 2 = $1,461

Also, the other way to calculate this is:

Annual Salary of $38000 / 26 weeks = $1,461 biweekly.

How Much Is $38K Salary Per Day

This depends on how many hours you work in a day. For this example, we are going to use an eight-hour workday.

8 hours x 52 weeks = 260 working days

Annual Salary of $38000 / 260 working days = $146 per day

If you work a 10 hour day on 208 days throughout the year, you make $182 per day.

$38000 Salary is…

$38000 – Full Time Total Income
Yearly Salary (52 weeks) $38,000
Monthly Salary $3,166
Weekly Wage (40 Hours) $730
Bi-Weekly Wage (80 Hours) $1,461
Daily Wage (8 Hours) $146
Daily Wage (10 Hours) $168
Hourly Wage $18.27
Net Estimated Monthly Income $2,418
Net Estimated Hourly Income $13.95
**These are assumptions based on simple scenarios.

38k a year is how much an hour after taxes

Picture of figuring out 38k a year is how much an hour after taxes to see if you have a tax refund.

Income taxes is one of the biggest culprits of reducing your take-home pay as well as FICA and Social Security. This is a true fact across the board with an all salary range up to $142,800.

When you make below the average household income, the amount of taxes taken out hurts your hourly wage.

Every single tax situation is different.

On the basic level, let’s assume a 12% federal tax rate and a 4% state rate. Plus a percentage is taken out for Social Security and Medicare (FICA) of 7.65%.

So, how much an hour is 38000 a year after taxes?

Gross Annual Salary: $38,000

  • Federal Taxes of 12%: $4,560
  • State Taxes of 4%: $1,520
  • Social Security and Medicare of 7.65%: $2,907

$38k Per Year After Taxes is $29,013

This would be your net annual salary after taxes.

To turn that back into an hourly wage, the assumption is working 2,080 hours.

$29013 ÷ 2,080 hours = $13.95 per hour

After estimated taxes and FICA, you are netting $29,013 per year, which is $8,987 per year less than what you expect.

***This is a very high-level example and can vary greatly depending on your personal situation and potential deductions. Therefore, here is a great tool to help you figure out how much your net paycheck would be.***

Taxes Based On Your State

In addition, if you live in a heavily taxed state like California or New York, then you have to pay way more money than somebody that lives in a no tax state like Texas or Florida. This is the debate of HCOL vs LCOL.

Thus, your yearly gross $38000 income can range from $25,973 to $30,533 depending on your state income taxes.

That is why it is important to realize the impact income taxes can have on your take home pay. It is one of those things that you should acknowledge and obviously you need to pay taxes. But, it can also put a huge dent in your ability to live the lifestyle you want on a $38,000 income.

How Much Is 38K A Year Hourly Salary Calculator

Picture of a calculator and coins to figure how much is 38k a year hourly salary.

More than likely, your salary is not a flat 38k, here is a tool to convert salary to hourly calculator.

Many entry level jobs start at this range, which may make you believe that a business degree is worth it.

38k salary lifestyle

Picture of what a $38K salary lifestyle is like.

Every person reading this post has a different upbringing and a different belief system about money. Therefore, what would be a lavish lifestyle to one person, maybe a frugal lifestyle to another person. And there’s no wrong or right, it is what works best for you.

One of the biggest factors to consider is your cost of living.

In another post, we detailed the differences of living in an HCOL vs LCOL vs MCOL area. When you live in big cities, trying to maintain your lifestyle of $38,000 a year is going to be extremely difficult because your basic expenses, housing, transportation, food, and clothing are going to be much more expensive than you would find in a lower cost area.

To stretch your dollar further in the high cost of living area, you would have to probably live a very frugal lifestyle and prioritize where you want to spend money and where you do not. Whereas, if you live in a low cost of living area, you can afford the cost of living and maybe save more money. Thus, you have more fun spending left in your account each month.

As we noted earlier in the post, $38,000 a year is well below the average income that you would find in the United States. Thus, you have to be wise with how you spend your money.

What a $38,000 lifestyle will buy you:

If you are debt free and utilize smart money management skills, then you are able to enjoy the lifestyle you want.

  • You are able to rent in a decent neighborhood in LCOL.
  • Driving a beater car is normal.
  • You should be able to meet your basic expenses each and every month.
  • Not be able to afford many of the fun spending luxuries.
  • Participate in the 200 envelope challenge.

When A $38,000 Salary Will Hold you Back:

However, if you are riddled with debt or unable to break the paycheck to paycheck cycle, then living off of 38k a year is going to be pretty darn difficult.

There are two factors that will keep holding you back:

  • You must pay off debt and cut all fun spending and extra expenses.
  • Break the paycheck to paycheck cycle.

It is possible to get ahead with money!

It just comes with proper money management skills and a desire to have less stress around money. That is a winning combination regardless of your income level.

$38K a year Budget – Example

Picture of planing how to make a budget with $38000 a year in income.

As always, here at Money Bliss, we focus on covering our basic expenses plus saving and giving first, and then our goal is to eliminate debt. The rest of the money leftover is left for fun spending.

This is how zero based budgeting works.

If you want to know how to manage 38k salary the best, then this is a prime example for you to compare your spending.

You can compare your budget to the ideal household budget percentages.

recommended budget percentages based on $38000 a year salary:

Category Ideal Percentages Sample Monthly Budget
Giving 10% $158
Savings 15-25% $570
Housing 20-30% $887
Utilities 4-7% $127
Groceries 5-12% $253
Clothing 1-4% $19
Transportation 4-10% $127
Medical 5-12% $158
Life Insurance 1% $10
Education 1-4% $10
Personal 2-7% $29
Recreation / Entertainment 3-8% $71
Debts 0% – Goal $0
Government Tax (including Income Tatumx, Social Security & Medicare) 15-25% $749
Total Gross Monthly Income $3,167
**In this budget, prioritization was given to basic expenses and no debt.

Is $38,000 a year a Good Salary?

Picture debating whether or not $38000 a year a good salary.

As we stated earlier if you are able to make $38,000 a year, that is a low salary. You are making around or just above minimum wage.

While 38000 is a decent salary just starting out in your working years, it is a salary that you want to rapidly increase before your expenses go up or the people you provide for increase. If not, you will be left working multiple jobs to make ends meet.

However, too many times people get stuck in the lifestyle trap of trying to keep up with the Joneses, and their lifestyle desires get out of hand compared to their salary. And what they thought used to be a great salary actually is not making ends meet at this time.

This $38k salary would be considered a lower class salary. You must make each dollar count in your budget.

Check: Are you in the middle class?

In fact, this income level in the United States has enough buying power to put you in the top 95 percentile globally for per person income (source).

The question you need to ask yourself with your 38k salary is:

  • Am I maxed at the top of my career?
  • Is there more income potential?
  • What obstacles do I face if I want to try to increase my income?

In the future years and with possible inflation, in many modest cities a 38,000 a year is not a good salary because the cost of living is so high, whereas these are some of the cities where you can make a decent living at 38,000 per year.

If you are looking for a career change, you want to find jobs paying at least $50000 a year.

Is 38k a good salary for a Single Person?

Picture of lady asking is 38K a good salary for a single person.

Simply put, you can make it work.

You can stretch your salary much further because you are only worried about your own expenses. A single person will spend much less than if you need to provide for someone else.

Your living expenses and ideal budget are much less. Thus, you can live comfortably on $38000 per year.

And… most of us probably regret how much money wasted when we were single. Oh well, lesson learned.

Is 38k a good salary for a family?

Picture of a couple wondering is 38K a good salary for a family.

Many of the same principles apply above on whether $38000 is a good salary. The main difference with a family, you have more people to provide for than when you are single or have just one other person in your household.

At the 38K salary with a family, you would need more than one income stream to make this possible without government help.

The costs of raising children are high and will steeply cut into your income. As you can tell this is a huge dent in your income, specifically $12,980 annually per child.

That means that amount of money is coming out of the income that you earned.

So, the question really remains is can you provide a good life for your family making $38,000 a year? This is the hardest part because each family has different choices, priorities, and values.

More or less, it comes down to two things:

  1. The location where you live in.
  2. Desire to improve your career and make more money.
  3. Your lifestyle choices.

You will not be able to afford everything on this salary.

Many times when raising a family, it is helpful to have a dual-income household. That way you are able to provide the necessary expenses if both parties were making 38,000 per year, then the combined income for the household would be $76,000. Thus making your combined salary a very good income.

Learn how much money a family of 4 needs in each state.

Can you Live on 38000 Per Year?

As we outlined earlier in the post, $38,000 a year:

  • $18.27 Per Hour
  • $146-182 Per Day (depending on length of day worked)
  • $730 Per Week
  • $1,461 Per Biweekly
  • $3,166 Per Month

Next up is making $40,000 a year.

Like anything else in life, you get to decide how to spend, save and give your money.

That is the difference for each person on whether or not you can live a lower-class lifestyle depends on many potential factors. If you live in Washington or New Jersey you are gonna have a tougher time than in Florida or even Texas.

In addition, if you are early in your career, starting out around 32,000 a year, that is a okay place to be getting your career. However, if you have been in your career for over 20 years and still making $38K, then you probably need to look at asking for pay increases, pick up a second job, or find a different career path.

Regardless of the wage that you make, if you are not able to live the lifestyle that you want, then you have to find ways to make it work for you. Everybody has choices to make.

But one of the things that can help you the most is to stick to our ideal household budget percentages to make sure you stay on track.

Learn exactly how much do I make per year…

One of the best ways to improve your personal finance situation is to increase your income. Here are a variety of side hustles that are very lucrative. With time and effort, you can start enjoying the lifestyle you want.

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Source: moneybliss.org

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Apache is functioning normally

June 1, 2023 by Brett Tams

Thanks to thriving metropolises like Louisville and Lexington, Kentucky continues to grow, but the city is made up of charming small towns, too. The best banks in Kentucky offer a variety of amenities, while also putting the community first.

From college towns like Bowling Green to Bourbon Trail towns like Bardstown, you’ll find plenty of banks, making it easy to find the bank that’s right for you.

Kentucky sign

12 Best Banks in Kentucky

Kentucky has a wide range of banks, from large, corporate banks to small community banks. This list of the best banks in Kentucky takes a look at the various types to help you find the best option for your banking needs.

1. Fifth Third Bank

Headquartered in nearby Cincinnati, Fifth Third Bank has branches in Kentucky, Ohio, Florida, Georgia, Illinois, Indiana, Michigan, North Carolina, South Carolina, Tennessee, and West Virginia.

The best deal comes with the Fifth Third Bank Momentum Checking account, which is a free checking account with no minimum balance requirements or opening deposit. You’ll get fee-free cash access at Fifth Third Bank ATMs, as well as at more than 40,000 partner ATMs nationwide.

Fees:

  • No monthly service fee
  • $37 overdraft fee

Balance requirements:

  • No opening deposit
  • No minimum daily balance required

ATMs:

  • Fee-free at more than 40,000 Fifth Third Bank and partner ATMs nationwide
  • $3 charge per transaction at out-of-network ATMs

Interest on balance:

  • 0.01% APY on savings
  • 0.01% APY on money market accounts
  • Up to 4.55% APY on CDs

Additional perks:

2. Chime

If you don’t need a local Kentucky bank branch, an online banking option like Chime may be the best deal. You’ll get all the mobile banking features you’d find with a national bank without the fees. The checking account comes with no monthly maintenance fees or balance requirements.

As long as you have at least $200 directly deposited into your account each month, you’ll qualify for up to $200 in overdraft protection. The automatic savings feature rounds up debit card purchases and puts the money into your savings account, which earns 2.00% APY.

Fees:

  • No monthly service fee
  • No overdraft fee (with qualifying direct deposit)

Balance requirements:

  • No minimum opening deposit
  • No minimum daily balance required

ATMs:

  • Fee-free at more than 60,000 ATMs nationwide
  • $2.50 for each out-of-network ATM transaction

Interest on balance:

  • 2.00% APY on savings accounts

Additional perks:

  • SpotMe covers up to $200 in overdrafts
  • Each purchase on your Visa debit card can be rounded up for automatic savings

3. First State Bank

First State Bank is a Kentucky bank with branches throughout Breckinridge County. If you prefer a community bank, First State is one of the best banks in Kentucky, whether you’re looking for personal or business checking accounts. But where this local bank falls short is in its ATM presence.

Branches and ATMs don’t cross the Kentucky line, although you’ll find ATMs throughout the state. They do make up for it, though, by having a low out-of-network usage fee. You’ll pay only $.75 per transaction on the First State side. Keep in mind, though, that this is in addition to any fees charged by third-party ATM owners, which First State doesn’t refund.

Fees:

  • No monthly service fee
  • $20 overdraft fee

Balance requirements:

  • $25 minimum opening deposit
  • No minimum daily balance required

ATMs:

  • Fee-free at First State Bank ATMs (limited to Breckinridge County)
  • $0.75 charge per transaction at out-of-network ATMs

Interest on balance:

  • Rates aren’t disclosed

Additional perks:

  • Business checking accounts with personalized support
  • Heavy branch presence for Breckinridge County-area residents

4. Chase

If you like the amenities of a national bank, Chase has multiple locations throughout Kentucky. You’ll get fee-free access to more than 16,000 Chase ATMs nationwide, as well as solid mobile banking options. Chase is currently offering a $200 bonus for new Total Checking accounts as long as you maintain a $1,500 balance or have at least $500 in direct deposits each month. If you’re looking for wealth management services, Chase offers that through its parent company, JPMorgan.

Fees:

  • $12 monthly service fee (waived with qualifications)
  • $34 overdraft fee

Balance requirements:

  • No minimum opening deposit
  • $1,500 minimum balance required to waive service charge (or $500 in direct deposits)

ATMs:

  • Fee-free at more than 16,000 Chase ATMs nationwide
  • $3 charge per transaction at out-of-network ATMs

Interest on balance:

  • 0.01% APY on savings accounts
  • Up to 4.00% APY on CDs

Additional perks:

  • Account options for children and college students
  • Overdraft Assist lets you remedy overdrafts before fees kick in

5. GO2bank

Another online banking option is GO2bank, which offers a free checking account and a variety of mobile banking services. But the best feature of GO2bank is its 4.50% APY savings account, which is above what many competitors offer. You can also withdraw cash at more than 55,000 AllPoint locations and deposit cash at nearly 90,000 retail locations nationwide.

Fees:

  • No monthly service fee
  • $15 overdraft fee

Balance requirements:

  • No minimum opening deposit
  • No minimum daily balance required

ATMs:

  • Fee-free at more than 55,000 AllPoint ATMs nationwide
  • $3 for each out-of-network ATM transaction

Interest on balance:

  • 4.50% APY on savings accounts

Additional perks:

  • Deposit cash at nearly 90,000 retail partners nationwide
  • Up to $200 in overdraft coverage

6. Republic Bank & Trust Company

Headquartered in Louisville, Republic Bank & Trust Company is a local account with a variety of checking accounts. Republic Bank has an entry-level account, Simple Access, that has no overdraft fees, but you will have to either have one monthly direct deposit, one debit card transaction, or one online bill pay transaction monthly. Republic Bank has higher-than-average interest rates on CDs and savings accounts, as well as competitive rates on personal loans.

Fees:

  • $4.95 monthly service fee (minimum activity required)
  • No overdraft fee

Balance requirements:

  • $10 minimum opening deposit
  • No minimum balance

ATMs:

  • Fee-free at more than 90,000 locations nationwide

Interest on balance:

  • 0.35% APY on savings accounts
  • Up to 4.15% APY on CDs

Additional perks:

  • Specialized loans like aircraft financing
  • Award-winning customer service

7. Whitaker Bank

Another local bank with plenty of physical branches is Whitaker Bank, a community bank with 34 locations across Kentucky. Whitaker has multiple checking accounts, but the least expensive is Whitaker FREE Checking, which has no fees or minimum balance requirements.

Like many local banks in Kentucky, though, the availability of ATMs could be a problem if you travel. Whitaker charges no fees for its own ATMs or out-of-network ATMs, but you will have to pay third-party fees.

Fees:

  • No monthly service fee
  • $34 overdraft fee

Balance requirements:

  • $100 minimum opening deposit
  • No minimum daily balance required

ATMs:

  • Fee-free at Whitaker Bank locations across Kentucky
  • No fees for out-of-network ATM transactions

Interest on balance:

  • .01% APY on savings accounts
  • Up to .05% APY on money markets
  • Up to .50% APY on CDs

Additional perks:

  • Multiple ways to bank, including by text
  • Free fraud alerts

8. American Bank & Trust

Southern Kentucky is a bustling area of Kentucky, thanks to Western Kentucky University. If you live in the Bowling Green area, American Bank & Trust is one of the best banks in the area.

American Bank & Trust offers a free checking account with no minimum balance required and overdraft fees of only $5 per occurrence. In addition to fee-free access to American Bank & Trust ATMs, the bank also refunds up to $16 in third-party ATM fees.

Fees:

  • No monthly service fee
  • $5 overdraft fee

Balance requirements:

  • $50 minimum opening deposit
  • No minimum daily balance required

ATMs:

  • Fee-free at AMBank ATMs, as well as hundreds of ATMs nationwide
  • Up to $16 in third-party ATM fees refunded monthly

Interest on balance:

  • .50% APY on savings accounts
  • Up to 2.75% APY on money markets
  • Up to 4.50% APY on CDs

Additional perks:

  • Competitive rates on personal loans
  • Bank My Change feature helps you set money aside

9. South Central Bank

With branches across Kentucky, South Central Bank is one of the best banks in Kentucky for friendly service and a variety of banking services. South Central offers multiple checking accounts, including several with no monthly maintenance fee.

With some checking account options, you’ll need to sign up for e-statements and have at least 15 monthly debit card transactions for the $6 fee to be waived. South Central also offers wealth management services, including investing and retirement planning.

Fees:

  • No monthly service fee
  • $30 overdraft fee

Balance requirements:

  • $100 minimum opening deposit
  • No minimum daily balance required

ATMs:

  • Fee-free at South Central Bank ATMs in Kentucky and Tennessee

Interest on balance:

  • Up to 4.50% APY on CDs

Additional perks:

  • $25 for each new account holder you refer
  • Small business checking and savings account options

10. Independence Bank

Headquartered in Owensboro, Independence Bank makes the list of best banks in Kentucky due to its competitive rates on CDs and variety of free checking accounts. There are perk-packed checking account options for active-duty military and veterans, as well as branches across the state.

You can also interact with live tellers through select ATMs, which Independence Bank labels “ITMs,” or interactive teller machines.

Fees:

  • No monthly service fee
  • $34 overdraft fee

Balance requirements:

  • $50 minimum opening deposit (waived with direct deposit)
  • No minimum daily balance required

ATMs:

  • Fee-free at more than 55,000 AllPoint locations nationwide

Interest on balance:

  • Up to .01% APY on savings accounts
  • Up to 4.80% APY on CDs

Additional perks:

  • Interactive ATMs offer enhanced services, including live personal assistance
  • Active-duty military and veteran account options

11. Community Trust Bank

Although Community Trust Bank is spread throughout Kentucky, it’s actually one of the many regional banks, with branches and ATMs in Kentucky, Tennessee, and West Virginia. You’ll find multiple checking accounts, including an option with no monthly maintenance fee. If you travel outside the CTB service area, though, you’ll be on the hook for ATM fees.

Fees:

  • No monthly service fee

Balance requirements:

  • $100 minimum opening deposit

ATMs:

  • Fee-free at Community Trust Bank ATMs in Kentucky, Tennessee, and West Virginia
  • $2.50 per transaction at out-of-network ATMs

Interest on balance:

  • Interest rates not disclosed

Additional perks:

  • Prepaid cards available
  • Competitive rates on personal loans

12. Hometown Bank

Corbin, Kentucky residents looking for a small Kentucky bank should consider Hometown Bank, a community bank with locations in Corbin, London, Barbourville, and Williamsburg. Hometown has multiple checking and savings account options, including a free option with no monthly maintenance fees or balance requirements.

Fee-free ATM use is limited to the few ATMs within its service area, though, so if you frequently travel, this might not be the best Kentucky bank for you.

Fees:

  • No monthly service fee
  • $34.50 overdraft fee

Balance requirements:

  • $50 minimum opening deposit
  • No minimum daily balance

ATMs:

  • Fee-free at Hometown Bank ATMs

Interest on balance:

  • Interest rates not disclosed

Additional perks:

  • Round Up Savings moves funds from debit card purchases to savings account
  • Children’s accounts available

With so many banks in Kentucky, there’s a little something for everyone. Whether you prefer national or regional banks or you like the feel of a small community bank, it’s important to find one that has the features that work best for you.

How to Choose the Best Bank in Kentucky

If you’re in the market for a new bank account, it’s essential to first identify the features that are most important to you. Here are a few things to consider as you choose your banking provider.

Online Banking Offerings

Even if you prefer a bank you can visit in person, online banking is worth considering. Chances are, you’ll occasionally want to check your balance online.

The best checking accounts offer mobile baking features like remote deposit capture and funds transfers. Mobile apps have become essential for most financial institutions, so make sure you check out a preview of a bank’s app before signing up.

Checking Account Fees and Requirements

Even small fees can add up over the course of a month. If you can find a fee-free checking account, it could save money.

Some of the best banks in Kentucky offer free bill pay and no monthly fees. If you need paper checks, make sure you add that to your criteria for the best checking account, as well.

Locations

Both local and national banks often excel in providing brick-and-mortar banks that offer that in-person customer service you prefer. But it’s important to make sure the locations are convenient for you.

If you prioritize local branches, make sure you check ATM availability. It’s great to have free ATM withdrawals near your house. However, when you’re traveling, if you need cash and can’t access it, you may end up paying more in fees than if you’d had a checking account with no fees.

Source: crediful.com

Posted in: Credit 101 Tagged: 2, 2023, active, All, Amenities, analysis, app, Apps, ATM, average, balance, Bank, bank account, Banking, banks, before, best, Bill Pay, bonus, brick, business, CDs, chase, chase offers, Checking Account, Checking Accounts, Children, Chime, city, College, college students, Community Bank, Community banks, company, customer service, Debit Card, deposit, Deposits, Direct Deposit, entry, expensive, Features, Fees, Financial Wize, FinancialWize, financing, Florida, fraud, Free, free checking, friendly, funds, Georgia, great, green, Grow, house, How To, Illinois, in, indiana, interest, interest rates, Investing, list, Live, Loans, Local, louisville, low, maintenance, Make, making, market, markets, Michigan, military, mobile, Mobile Apps, Mobile Banking, money, money market, money market accounts, More, needs, new, north carolina, offer, offers, Online Banking, Online Bill Pay, or, overdraft, overdraft fee, overdraft fees, overdraft protection, party, Personal, Personal Loans, Planning, protection, Purchase, Rates, Refund, retirement, Retirement Planning, right, save, Save Money, savings, Savings Account, Savings Accounts, short, Side, simple, Small Business, small towns, South, South Carolina, students, Tennessee, Transaction, Travel, trust, veterans, virginia, visa, wealth, wealth management, will, work

Apache is functioning normally

June 1, 2023 by Brett Tams

They say people in glass houses shouldn’t throw stones.

But if you lived in the one on Fishers Island, NY, you could toss a few rocks right into Long Island Sound.

Showing more like a “livable art gallery,” according to the listing, the glass-and-steel, waterfront dwelling designed by Thomas Phifer is this week’s most popular listing on Realtor.com®.

Other real estate offerings that made our weekly popularity contest include a Queen Anne in North Carolina, a modern marvel in Indiana, and an Ohio home with an exotic waterfall in the basement.

For a full look at this week’s 10 most popular homes, keep on scrolling.

Price: $825,000
Why it’s here: 
Behold the Castle in the Pines! Here is the opportunity to live like royalty in your very own castle.

A wrought-iron gate opens to the four-bedroom home with a turret. The entire 3,435 square feet of space has been decked out in medieval style. From custom, arched doors and hanging candelabras, to a knight in armor at the entry, to a sitting room overlooking a mountaintop scene, this kingdom was designed to delight.

It is currently in operation as a short-term rental and is pending sale.

Prescott, AZ

(Realtor.com)

———

Price: $575,000
Why it’s here: 
This ultramodern home is a pretty standout in Houston.

Designed by architect W. Irving Phillips Jr., the 3,032-square-foot concrete townhome is located within walking distance of downtown. Offering just two bedrooms, the open floor plan has industrial, loft-style beams and soaring ceilings, along with concrete and hardwood floors. The primary suite is on the third floor and has two oversized closets and access to a covered terrace.

A monthly homeowners association fee of $472 includes maintenance and use of the pool.

Houston, TX

(Realtor.com)

———

Price: $965,000
Why it’s here: 
Attention, historic-home lovers: The stately Smathers-Gautier-Messer House is nestled between two mountain ranges.

The Queen Anne beauty built in 1898 boasts wavy glass windows and octagonal towers. Inside, there is a Colonial Revival staircase and paneled wainscoting. The six-bedroom estate also features high ceilings, custom millwork, nine fireplaces embellished with Italian tile, and pocket doors.

The 2.5-acre lot also comes with a barn and a small cottage.

Waynesville, NC

(Realtor.com)

———

Watch: Hollywood Beginning: Movie-Themed Vacation Home in Florida Wows for $11.75M

Price: $134,900
Why it’s here: 
Calling all Hobbit fans! This triple-dome home offers eco-friendly living.

The three-bedroom abode boasts 1,593 square feet of unique space. Built in 2004, the domicile is in need of restoration, as the price reflects.

“Interior walls have been removed to the steel frame, allowing you to build your ultimate vision,” the listing notes.

The 3-acre lot also has a fenced dog run. The property is being sold as is and must be a cash sale.

Sharon, SC

———

Price: $880,000
Why it’s here: 
This magnificent home in the middle of Bittner Woods was the work of award-winning architect Earl R. Flansburgh.

The four-bedroom residence offers stylish, one-level living. Built in 1970, the 2,584-square-foot home was “professionally redesigned in 2020 with the help of Susan Yeley Homes,” according to the listing.

Oak hardwood and terrazzo floors can be found throughout the open floor plan. A central, open-air atrium connects all of the rooms. Clean lines, natural materials, and lots of glass seamlessly blend the interior with the outdoor space.

The property is pending sale.

Bloomington, IN

(Realtor.com)

———

Price: $799,000
Why it’s here: 
This A-frame beauty was built in 1964 as the personal home of local architect William Wayman. It has since been “respectfully remodeled,” the listing notes.

The sleek, 2,481-square-foot, four-bedroom home boasts wood paneling, skylights, and beamed ceilings. The two-story living room has a gas fireplace and lots of glass to take in the southern views. There are two separate living spaces; three bedrooms are upstairs, and one is downstairs with a full kitchen.

The property is pending sale.

Portland, OR

(Realtor.com)

———

Price: $37.5 million
Why it’s here: 
A venture capitalist is selling this ultraluxe mansion on the exclusive enclave of Star Island. The guard-gated island has been home to celebs such as Gloria Estefan, Shaquille O’Neal, and Jennifer Lopez.

This six-bedroom mansion on the waterfront boasts 9,747 square feet of living space. The foyer features a 30-foot ceiling and a custom staircase. Luxury finishes include custom millwork and travertine, marble, and wood flooring.

Built in 1992, the high-end home has a chef’s kitchen and a primary suite with access to the pool area.

The 1-acre lot includes a heated pool, outdoor kitchen, and a private dock.

Miami Beach, FL

(Realtor.com)

———

Price: $499,900
Why it’s here: 
Here’s the chance to own two homes and a chapel on nearly 50 acres overlooking a private lake.

This six-bedroom house has 5,600 square feet of living space and comes with a commercial kitchen and dining hall. The open floor plan also includes a spacious living room with a brick fireplace and four bathrooms.

The property offers a variety of potential uses, including as a church retreat, rental property, or bed-and-breakfast.

Paducah, KY

(Realtor.com)

———

Price: $519,999
Why it’s here: 
The Mansion on the Hilltop comes with an exotic waterfall in the basement!

This four-bedroom home looks like a traditional, stone-front dwelling from the outside. Inside, the 5,800-square-foot floor plan features a two-story entry with a dramatic staircase. Built in 2000, the home features arched doorways and an abundance of windows and glass doors to take in views of the 5-acre parcel.

The real surprise happens when you head downstairs, where you will find an unexpected waterfall and an impressive taxidermy collection. There’s also a hot tub.

Mansfield, OH

(Realtor.com)

———

Price: $8,250,000
Why it’s here:
From the outside, this mesmerizing mansion built of glass looks like a vast, open space.

The 4,744-square-foot estate sits prominently on Fishers Island and offers breathtaking views of Long Island Sound. Featuring one-story living at its best, the home was designed by architect Thomas Phifer. Built of glass and steel in 2008, this one-bedroom home boasts black bamboo flooring and white gallery walls.

The landscaped gardens on the 3-acre lot “allow one to live in a garden with art as the owner desired,” the listing notes.

Fishers Island, NY

(Realtor.com)

Source: realtor.com

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Apache is functioning normally

June 1, 2023 by Brett Tams

If you’re wondering whether a travel rewards credit card is right for you, consider your travel goals and determine which card fits your lifestyle the best and whether it’s worth paying the annual fee.

If your end goal is to save on travel, the Capital One Venture Rewards Credit Card might be the perfect pick since you can redeem your rewards directly for travel or transfer them to over a dozen airline and hotel partners. Its annual fee is $95, which is affordable, but still a consideration.

Here’s what makes the Capital One Venture worth it.

Welcome offer

For starters, the Capital One Venture is currently offering new applicants 75,000 bonus miles after making $4,000 in purchases during the first three months.

Those bonus miles are worth $750 when redeemed toward travel, but potentially much more if you’re able to leverage the Capital One program’s various airline and hotel partners, easily offsetting the $95 annual fee. As such, we value this sign-up bonus at $1,388.

WYATT SMITH/THE POINTS GUY

Earning Capital One miles

One of the top reasons many people love the Capital One Venture is its straightforward earning structure of 2 Capital One miles per dollar on virtually anything you buy. You also don’t have to worry about miles expiring as long as you keep your account open, and there’s no limit to how many miles you can earn.

A big factor as to why the card is so attractive is that there are no categories to memorize or quarterly bonus categories to activate — it’s an ideal card for busy people who want to simplify their earning strategy and redemption options.

Related: How (and why) you should be earning lots of Capital One miles

Redeeming Capital One miles

This is where the card truly distinguishes itself. The two foremost ways to redeem your Capital One miles are at a fixed value or by transferring them to airline and hotel partners.

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You can redeem miles at 1 cent apiece with the fixed-value option toward eligible travel expenses charged to the card. For example, say you reserved an Airbnb home for $750 for an upcoming vacation. You could redeem the 75,000 miles earned from the sign-up bonus to offset the Airbnb purchase and cover the entire stay from the miles earned on your Capital One Venture.

AIRBNB

This particular redemption option comes in handy when you don’t want to jump through hoops to find award availability, or if you like to stay at non-chain hotels. This is also a popular redemption approach when you find cheap airfare and prefer to save your other valuable transferable points for more aspirational redemptions.

Another way to redeem your hard-earned Capital One miles is to transfer them to partner airlines or hotels. This can be a great choice when you are ready to maximize some award chart sweet spots and stretch your miles.

Related: How to use your Capital One miles at a fixed value

Other perks & benefits

The Capital One Venture proves its worth with other ongoing benefits, too. They include:

Although you hopefully won’t have to use some of these benefits, like the travel accident insurance, others, like the Global Entry and lounge perks, can save you money on a regular basis.

PATRICK T. FALLON/BLOOMBER/GETTY IMAGES

Bottom line

The Capital One Venture is a favorite among travelers for a few reasons.

Its simple earning structure of 2 miles per dollar makes it easy to maximize on almost every purchase. The ability to redeem miles both directly for travel at a fixed rate as well as transferring to various airline and hotel partners makes it extra versatile. And then there are the value-added benefits like statement credits for Global Entry and relatively robust travel and purchase protections.

In short, it’s a strong all-around choice for travelers, both frequent and otherwise, and well worth the $95 annual fee.

Related: Capital One Venture card review


Official application link: Capital One Venture Rewards Credit Card


Additional reporting by Ryan Wilcox and Juan Ruiz.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply

Source: thepointsguy.com

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Apache is functioning normally

June 1, 2023 by Brett Tams
Many jobs are available in the early morning hours. This is an opportunity to make a bit of extra money before your 9-5 or when kids are at school with early morning jobs.

Inside: Many jobs are available in the early morning hours. This is an opportunity to make a bit of extra money before your 9-5 or when kids are at school with early morning jobs.

It’s a commonly held belief that working the early shift is not worth it. If you’re waking up at 4 am every day for work, your earnings will be drastically lower than if you worked a regular 8-hour day.

The idea of this article is to show why it could actually be worth waking up before sunrise and trying to earn more money by doing these “early” jobs in earnest.

For me, many of my jobs have always followed the non-traditional hours of a 9-5 job. Personally, that works great for me as it frees up my day for other things, pursuits, and kids.

The funniest part is I’m not a morning person by any stretch of the imagination! Yet, I make my money early in the day consistently.

So, if you are thinking, early morning jobs are not for me – wait until you actually give it a try.

In this article, you will find a list of jobs that are available for people who love working early hours as I do and want more money!

Hint, hint… It is the allure of making money that gets me motivated and out of bed!

Many jobs are available in the early morning hours. This is an opportunity to make a bit of extra money before your 9-5 or when kids are at school with early morning jobs.

How can I make money early in the morning?

There are a variety of early morning jobs that you can do in order to make some extra money.

You just need to find one that is a good fit for your lifestyle and personality. It’s important to pick an early morning job that you feel comfortable doing so that you don’t dread waking up early every day.

Additionally, many employers are willing to pay a premium for employees who are willing to work the early shift.

Making money early in the morning is easy if you put your mind to it.

How early is an early morning shift?

Picture of a clock, coffee, and a sign that says start your day with positive vibes for how early is an early morning shift.

An early morning shift jobs start between 3 and 6 am and typically ends late morning or early afternoon.

This gives people the opportunity to work during the daytime and still have time for other activities in the evening.

Most start work at 5 am.

Why morning jobs are better?

Sketch of a person thinking why morning jobs are better.

Working the early shift has its perks.

For one, you’re done working by the afternoon and can run errands, schedule appointments, and socialize. Secondly, many employers are willing to pay a higher wage for employees who are willing to work during the morning hours.

Additionally, many people opt for an earlier start who want to avoid the rush hour traffic or those who have children they need to care for once the school day is over.

Plus some people work early morning hours because they want a flexible schedule, while others do it because they need the extra money. No matter your reason, there are plenty of opportunities to make money in the early hours of the day.

The 10 Best Early Morning Jobs

Sign reading jobs for you specifically the best early morning jobs.

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The most common are shift work jobs, which require employees to work during hours that are not typically considered “normal” working hours. This can include the night shift, early morning shift, or swing shift.

There are many different types of early morning jobs. The most popular type is a full-time job, but there is also part-time, temporary, and freelance work available. Each type of job has its own advantages and disadvantages.

1. Warehouse Worker

Warehouse workers are responsible for ensuring that goods are unloaded from trucks, inspected for any damage or defects, and sorted and placed in the correct locations in warehouses or stores. They may also be responsible for preparing goods for shipment to customers.

Most of these positions are for early morning hours.

This can be a great opportunity for people who are looking for work and would prefer to work during the earlier hours of the day.

2. Barista

Barista is the term used to describe a person who performs coffee-related tasks, such as preparing and serving espresso drinks. Ideally, baristas serve beverages in establishments that offer coffee or other hot beverages.

Baristas are in high demand and typically have flexible hours. They can earn up to $15 per hour, depending on their level of experience.

Plus you have the flexibility of afternoons off after the morning rush.

3. Stock Trader

Picture of a person stock trading as an early morning job.

For those who want to work from their own home and have flexibility in their schedule, then you want to learn how to become a successful stock trader. Someone who buys and sells stocks to make income.

This is a highly lucrative side hustle for many people. In fact, how fast can you make money in stocks?

Personally, this is what I choose for my early morning job.

Stock Trading can be a full-time career opportunity if you have the ambition and patience to make it through the ups and downs.

Many people start trading with the hope of generating supplemental income, but it can become more than that with hard work and consistent effort.

Nowadays, the barrier of entry is very low to start trading stocks. However, you need to take the best online investing classes first.

4. Personal Trainer

Personal trainers typically offer their services at early morning hours, before most people go to work.

They help people achieve their fitness goals, whether it be weight loss, toning up, or building muscle. Personal trainers are responsible for creating workout routines and helping their clients stay on track.

Personal trainers are in high demand and the median salary is around $40,000 per year. If you have the time and availability, you can build a client base and the earning potential is endless.

5. Package Delivery

Picture of a guy working on early morning job as a package delivery person.

Another morning job hiring near me is package delivery drivers. These workers are responsible for the delivery of a shipment of goods from one place to another.

This position offers consistent and part-time morning hours. You will be responsible for package delivery in the area. Pay normally starts at $21 an hour plus.

6. Online Seller/Flipper

Side hustles are becoming more and more popular as people look for ways to make extra money.

One way to make some extra cash is by selling items online.

You could also get these items at local yardsales, estate sales, or donation stores and sell your items on Etsy, eBay, or Facebook Marketplace.

If this is something you are serious about, then check out Flea Market Flippers.

7. Freelancing

Picture of a guy working as a freelancer.

Freelancing is a great option for people who want to work on their own schedule. You can choose when you want to work and how much you want to work, which is great for people who want to get an early start on their day.

Freelancing can be a great way to utilize your skills and make some extra money on the side, but it’s important to keep in mind that freelancing is a business.

In fact, many people start freelancing as a side hustle in order to make some extra money but it may turn into a full-time career. In fact, according to recent studies, 1 in 3 Americans are now freelancing. This number is only going to grow in the years to come so don’t be afraid to start freelancing yourself. It may just lead to a more fulfilling career.

Learn how to earn money writing.

8. Baker

Bakers are often some of the first people to arrive at a bakery or shop. This is because many bakeries and shops open early in the morning.

Bakers are responsible for baking bread, pastries, and other items. They are required to have a fundamental understanding of baking as well as the ability to work in early morning shifts and afternoon shifts. They must also be able to handle flexible hours.

Bakers typically earn an hourly wage of around $14 an hour, but with experience and additional skills (like cake decoration), that number can go up to $20 an hour or more.

9. Online English Tutor

Picture of a lady working early as an online english tutor

There are many opportunities for online English teachers to make money. One great opportunity is for early risers who want to work from home in the morning. There are many students looking for online classes at this time of day.

There are a number of companies that offer English teaching jobs to those who are certified in teaching English as a second language. The majority of these positions have you teaching students in China, Korea, or Taiwan. However, there are also opportunities to teach business professionals and executives in other countries.

If you’re looking for a way to make some extra money, becoming an English tutor for international students is a great option. You can typically expect to earn around $14-$22 per hour, depending on your experience and qualifications.

10. Flight Attendant

Flight attendants are responsible for the safety and comfort of passengers on an airplane. They must attend to passengers’ needs, provide information about flights, and ensure that all safety regulations are followed.

Flight attendants typically work long hours, often including overnight shifts, and earn an average salary of over $75,000 per year.

However, with more experience, they can make more money. Some ticket counters open as early as 4 am in order to prepare for morning departures.

Other Types of Early Morning Jobs

Those are not the only type of early morning jobs. There are plenty more morning jobs near me. You can find both part-time and full-time.

Here are more jobs to pursue.

1. Store Stocker

A store stocker is a person who stocks shelves in a grocery store. The stores they work at are typically open 24 hours and the job entails cleaning, restocking items that run out of stock, and making sure the shelves are neat.

This is typically an entry-level position in a grocery store or department store.

2. Childcare Related Jobs

Have you ever asked what are morning jobs hiring near me, then consider working with children. There are always plenty of open jobs to look after kids.

Here are some positional childcare related jobs:

  1. Preschool teacher
  2. Paraeducator
  3. Substitute teacher
  4. Daycare teacher
  5. Nanny
  6. Before and after-school programs

In all honestly, this can be one of the most rewarding morning jobs because kids will always make sure you laugh and smile.

3. Rideshare Driver

Picture of money with a car key for making money as a rideshare driiver.

Yes, driving for Uber or Lyft can be a great way to make some extra money early in the morning. The hours are flexible and you can often make good money during those times.

The most popular route is heading to the airport.

Since many people book these types of rides in advance, you can earn a steady stream of income.

4. School Bus Driver

School bus drivers are responsible for transporting children to and from school. They ensure the safety of students on their bus as well as have a number of other responsibilities such as making sure all students are wearing their seatbelts and that the bus is clean.

Right now, we are facing a severe school bus driver shortage, which is affecting how children must get to school.

In many areas, you can find starting hourly wages for school bus drivers at $19 an hour.

5. Dog Walker

There are many ways to make money through Rover. You can provide pet care, pet sitting, dog walking, and more. You can also choose to offer services like delivery or house sitting. The options are endless!

This is one of the easiest ways to make money.

6. Truck Driver

A truck driver drives a semi-trailer truck loaded with freight. They drive the freight to its destination and unload it when they arrive.

For truck drivers who want to save money on fuel or have good mileage, the best time to drive is during the early morning hours. This is when there is less traffic and you can avoid rush hour.

Truck drivers can make a lot of money. In fact, they can earn up to $35 an hour. That’s a lot of money for early morning work.

Don’t want to drive? Then, become the middleman. Learn the exact freight broker salary.

7. Landscaper (Yard Work)

If you’re an early riser and you’re looking for a job that gets you outside, landscaping is a great option. It’s hard work, but it can be very rewarding.

It might be hard to get your services as there are already established landscapers in the area. If you don’t have a business, see if there is a business that needs lawn work done and if so, offer your services. You can also go door-to-door asking people if they need their yards done; just make sure you have a good sales pitch ready!

This seasonal job is great to do in the morning because it tends to be cooler and there’s more daylight. The pay usually ranges from $10 to $20 an hour, so it’s a good way to make some extra money.

8. Chef

Chefs are some of the most hard-working professionals in the culinary industry.

They often start their day at 4 am, preparing for the onslaught of orders and tasks that come with a busy kitchen.

While many chefs have formal training from culinary schools, there are also many ways to learn the trade. Some chefs start out as dishwashers and work their way up the ladder, while others may take online courses or watch cooking shows to learn new techniques.

The average salary for a chef is just over $50,000 a year.

9. Mail Carrier

Mail carrier and other postal worker jobs are excellent for early risers because there is a lot of work that goes on behind the scenes before delivering mail.

These types of jobs offer some excellent benefits that can be harder to find these days.

Mail carriers are nearly always employed by the United States Postal Service, but they can also be hired independently.

10. Factory Worker

Factory work can be a great option for people who are looking for full-time or part-time work. The hours are usually regular, and the job doesn’t require many if any formal qualifications. However, you may need some experience in the field and a high school diploma.

However, if you have practical skills such as forklift driving, you can earn more by picking up shifts in the mornings, nights, or weekends. The work is physically demanding so you’ll need to be in shape and stand or sit in one position all day long.

Working the early shift at a factory can be tough, but it also has its benefits. The pay can vary a great deal depending on the company, so it’s important to do your research. However, if you’re looking for work and don’t mind getting up early, then this might be the perfect opportunity for you.

11. Part-time Retail Employee – Early Morning

Part-time Retail employees working early morning shifts will be paid for their time. There are always companies looking to hire for early morning jobs.

These are great for stay-at-home moms. In fact, the employee discount can be a nice bonus for working there.

This is a perfect low stress job after retirement.

12. Gig Worker

Gig work is a term used for short-term, contract-based work. It can be a great way to have more control over your schedule and to make some extra money on the side. There are many different types of gig work available, so you’re sure to find something that suits your skills and interests.

Those who need to run errands or get an early start on their day may use gig work apps like Grubhub, Postmates, DoorDash, and Uber Eats. Additionally, you can increase your chances of getting gigs by downloading all the relevant apps and clicking on the one that seems to produce the best results.

13. Farm Worker

As you can imagine, farm work can be difficult, but if you’re someone who loves working outdoors and enjoys physical labor, then this may be a great career for you.

Farm workers are typically hired based on their qualifications and experience.

If you can offer the help local farmers need, you should be a great fit for the position. Farm work is often physical labor, so make sure you’re physically prepared for the job before applying.

14. Morning Radio DJ

Morning radio DJs reflect the lives of their listeners, who may be early risers or working professionals. The job involves playing music and talking about topics that are important to the listener in order to help them wake up and start the day.

The main goal of morning show DJs is to keep listeners tuned into their station while providing a fair amount of entertainment.

Starting out your career in radio can be a great way to get started in the industry. Many DJs start their careers at small community or college radio stations and then move on to bigger stations as they gain more experience. The morning time slot is from 6 AM to Noon, which is a great opportunity to reach a large audience.

15. Cleaner

There is a high demand for cleaning services and cleaners can earn up to $22 per hour, plus tips. Some of the highest earners are making over $1000 a week.

This is one type of service that is not going away and the barriers to entry are extremely low. The average cost a house cleaner charges are $50-90 for two hours of work.

16. Online Surveys

That’s the beauty of online surveys – you can do them at any time of the day that works for you.

You don’t need to focus too much on taking them, either; in most cases, you can do other things while completing the survey. This means that they’re a great way to make some extra money without having to put in a lot of effort.

The best surveys are normally released first thing in the morning and only available for a limited time. That’s why it’s important to do online surveys as soon as they’re available. This will give you the best chance of getting rewarded for your efforts.

Best Online Survey Companies:

Where to find morning jobs near me?

Picture of a search bar overlayed on a person at a computer for where to find morning jobs near me.

Some tips for finding early morning jobs include using job search engines, checking job boards, and networking with friends and family. It is also important to be prepared for the interview and to have a strong resume.

If you’re looking for a job that starts early in the morning, you’re in luck! There are many jobs available that start at 5 am, 6 am, 7 am or 8 am. You can find these jobs by searching online or by going to your local job center.

It’s never too early to start looking for a job.

In fact, many people start their job search well before they’re actually ready to start working. This is because it can take some time to find the right job for you. And remember, it’s important to keep learning and earning money so you can be happy!

The best way to find an early morning job is to search online.

What to do when you land an early morning job

So you’ve landed an early morning job. Congratulations! This can be a challenging but rewarding experience when you first start out.

Prepare what your days will look like with your early morning job.

If you are adding a second job, make sure you are fully rested to take on both jobs.

Tips for surviving the early shift

When you start your early morning job, the most important thing is to get a good night’s sleep.

In fact, most of the early birds actually follow the billionaire morning routine to get in their flow.

Here are a few tips to help make the most of it:

  1. Get plenty of rest the night before. It’s important to be well-rested for those early morning shifts.
  2. Arrive on time. Punctuality is key in any profession, especially so when working the early shift.
  3. Stay focused and work hard. Those early hours can be tough, but it’s important to stay productive and get the job done right.
  4. Take breaks as needed. It’s important to stay hydrated and quick breaks to recharge your batteries.
  5. Enjoy your free time wisely. The evening hours are precious, so make sure to use them wisely and enjoy your time off responsibly.

What morning time jobs interest You?

Early morning jobs are a great opportunity for those looking to make a bit of extra money.

They are also a great way to get your foot in the door with a company you are interested in working for.

Plus you don’t have to debate is a business degree worth it as many of these jobs don’t require one. In fact, find low-stress jobs that pay well without a degree now.

In the post, we detailed plenty of early morning jobs. Since you are getting up earlier than most people prefer, make sure you pick an interest that can become a life-long career.

You want to be passionate about what you are doing early in the morning!

Especially because you don’t want to start only to say… “I don’t want to work anymore.”

Be sure to dress for success, be punctual, and be prepared to work hard and you will be sure to land an early morning job.

Know someone else that needs this, too? Then, please share!!

Source: moneybliss.org

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Apache is functioning normally

May 31, 2023 by Brett Tams

Man, this card looks amazing! 4x cash back, $100 in annual hotel credit, and…

Oh, wait – there’s a $95 annual fee. 

Bummer. 

Well, hang on – maybe it’s still worth it? How can you tell? Will the perks and benefits justify the fee? Or is a no-fee card always the way to go?

To find out, let’s investigate paid rewards cards – why some cost $95 and others cost $695 (yeah…I know) – what you get for your money, and how much you really need to spend for a paid card to make sense. 

What’s Ahead:

What are annual fee credit cards? 

Is An Annual Fee Credit Card Ever Worth It? - What are annual fee credit cards? 

Source: fizkes/Shutterstock.com

As the name implies, annual fee credit cards are rewards cards that typically cost anywhere from $50 to $695 a year to use. 

Why do credit card issuers charge annual fees for some cards and not others? 

Credit card issuers typically charge an annual fee to help cover the costs of the perks included with the card. Despite the gobs of money these banks and card issuers make, even they can’t afford to offer every single cardholder free lounge access and $300 in travel credit each year. 

Annual fee credit cards usually include some combination of the following over no-fee cards:

  • Higher cash back.
  • Higher redemption bonuses (e.g. points are worth 1.5x when redeemed for travel).
  • Better welcome bonuses ($500 versus $200).
  • Statement credits (e.g. $300 annual hotel credit).
  • Perks and bonuses (VIP lounge access, 24/7 travel concierge, etc.).

Why are some fees so low ($35-$95) while others are insanely high ($695)? 

A $500 card will typically include more statement credits than a $100 card. 

Let’s look at two, seemingly identical travel cards: 

  • The Chase Sapphire Preferred® Card costs $95 a year, offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®., up to 5x points back on travel-related expenses, and more.
  • The Chase Sapphire Reserve® Card costs an eye-watering $550 per year, offers a 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $900 toward travel when you redeem through Chase Ultimate Rewards®., and up to 10x points back on travel-related expenses, and more.

Sure, the fancy-schmancy Chase Sapphire Reserve® Card has more cash back (10x) and a higher redemption bonus within Chase Ultimate Rewards® (1.5x vs. 1.25x) than its sibling, but neither of those justifies a $455 price difference.

That is, until you consider the former’s annual cash bonuses. The Chase Sapphire Reserve® Card includes the following credits:

  • $300 Annual Travel Credit.
  • $100 Global Entry or TSA PreCheck® Fee Credit (every four years).
  • Complimentary enrollment in Priority Pass™ Select (aka VIP airport lounge access).

So even though the Chase Sapphire Reserve® Card costs more than a new mountain bike, it starts to make a little more sense if you plan to use all of the included credits. $550 – $300 – $100 = $150, which is just $55 more than the Chase Sapphire Preferred® Card. 

In short, most cards with fees over $100 should come with ample bonus credits to offset the fees. 

Can you ever get an annual fee waived? 

It may surprise you to hear that yes, even credit card annual fees are negotiable. You may not always negotiate successfully, but you can always try. 

Here are some tips for getting your card’s annual fee waived. 

Negotiate with your existing card company

If you already have a no-fee card and are considering upgrading to one of your card issuer’s paid annual cards, ring them up and just ask nicely. They may be willing to waive your annual fee for the first year.

Ask them to price-match with another card

Let’s say the annual fee credit card you really want costs $295 for the year, and you notice that it offers similar benefits to a competing no-fee or low-fee card. Call the card issuer and ask if they’d be willing to price match with the lower fee card – or better yet, waive the fee entirely. 

Chat with the retention department

If you already have an annual fee credit card and are trying to get your fee waived or reduced, and the agent on the phone isn’t playing ball, you can always ask to just cancel the card. 

At that point, one of two things will happen:

  1. You’ll be routed to the retention department, which is much more likely to bend to your requests.
  2. The agent on the phone will proceed to cancel your card.

If you don’t want to cancel your card, you may then have to suffer a moment of awkwardness when you tell the agent “actually, NVM” – so keep that in mind if you don’t like having your bluffs called!

When is it maybe worth paying a credit card annual fee? 

Is An Annual Fee Credit Card Ever Worth It? - When is it maybe worth paying a credit card annual fee? 

Source: Victor Josan/Shutterstock.com

You’ll earn more cash back than with a no-fee card – accounting for your annual fee

Let’s say you’re considering a card that charges a $95 annual fee but offers 3x cash back. 

Your first inclination may be to calculate how much you need to spend to offset your fee with cash back. So that’s:

$95 / 0.03 = $3,167

You easily spend that much in a year, so it seems like a good deal.

But hang on – remember, you’re not just trying to offset your fee – you’re trying to earn more than you would with a no-fee card. 

By the time you’ve spent $3,167 with a no-fee card with 1.5x cash back, you’ve already earned:

$3,167 x 0.015 = $47.50

Not until you spend twice that – $6,333 – does the annual fee credit card “catch up” to the no-fee card and start earning you more. 

In short, keep in mind that once your cash back covers your fee, you still have a lot more spending ahead of you to catch up to a garden variety 1.5x card. 

The card offers a steep welcome bonus to cover its fees

Thankfully, many annual fee credit cards have big, juicy welcome bonuses to cover their annual fees – oftentimes for several years over. 

Take, for example, the American Express® Gold Card. Sure, it charges a $250 credit card fee – but it also has a welcome bonus of 60,000 Membership Rewards® Points worth between 0.6 and 2 cents a pop when applied to travel through certain partners. 

You’ll get a statement credit for things you’re already paying for

The first time I saw the credit card fee for The Platinum Card® by Amex, I could hardly believe it. $695 a year? Who’s falling for this? 

But then, the little Amex fairy told me to keep reading, and amazingly, The Platinum Card® started to make sense. 

In addition to up to a 100k welcome bonus and up to 10x Membership Rewards® Points on select purchases, The Platinum Card® offers:

  • $200 Hotel Credit.
  • $200 Airline Fee Credit.
  • $200 Uber Cash.
  • $240 Digital Entertainment Credit.
  • $100 Global Entry or $85 TSA PreCheck®.
  • And more.

Before talking points and perks, the statement credits alone account for $940 worth of bonus cash back. 

If you’re already spending $940 within those areas, then The Platinum Card®’s $695 annual fee doesn’t just make sense – it’s a discount. 

The card has perks and bonuses that make your life easier

In most cases, a credit card’s perks alone probably aren’t worth paying an annual fee – but if you’re seeking a tiebreaker between a fee card and a no-fee card, they may just tip the scales. 

Annual fee credit card perks often include:

  • Travel insurance.
  • Lounge access.
  • 24/7 travel concierge assistance.
  • And more.

For example, among other things, the Delta SkyMiles Gold American Express Card always gives you Main Cabin 1 Priority Boarding, so you can stash your stuff and just relax sooner on every flight. That perk alone may not be worth $250 a year, but anything that lowers your stress is worth something!

When is it not worth paying a credit card annual fee? 

You won’t earn enough cash back to cover the fee

Remember, most no-fee cards these days offer 1.5x cash back. The Citi® Double Cash Card actually offers 2x cash back (plus a host of other benefits). 

For that reason, it’s becoming harder for annual fee credit cards to compete with their pro bono brethren. The annual fee card likely won’t justify itself on cash back rewards points alone, unless you spend a lot. 

You’ll need to also consider the perks and bonuses attached. 

The perks and bonuses aren’t worth the annual fee

The Luxury Card™ Mastercard® Black Card™ is a textbook example of a paid card that just isn’t worth anywhere near its annual fee. Its chief bonus – a $100 airline credit – doesn’t come close to covering the outrageous $495 sticker price. 

Keep in mind, too, that the perks, bonuses, and statement credit provided by an annual fee rewards card are only worth cash if you use them. I myself have forgotten to use my statement credit in the past, which is just leaving money on the table.

Your credit score isn’t high enough

This one’s simple – if your credit score is below 690, you may not even qualify for an annual fee rewards card in the first place. 

But wait a second – if you’re trying to pay for a credit card, why would the credit card company stop you from giving them money? 

Annual fee rewards cards are designed to attract big spenders – specifically, big spenders who have a track record of paying their bills on time. That’s why credit card companies require a higher credit score for paid cards – around 690, compared to 660 for a regular, no-fee rewards card (though numbers vary by card issuer). 

If you’d like to learn more about your credit score, check out How Credit Works: Understand The Credit History Reporting System. And if you’re trying to bump your numbers so you can successfully apply for a fancy paid card, we can help you there, too – check out How To Improve Your Credit Score, Step By Step. 

You need 0% APR on purchases or balance transfers

You should know that annual fee rewards cards rarely, if ever, offer 0% APR incentives. 

Again, that’s because these cards are designed to attract big spenders – not big savers or debt consolidators. In fact, most annual fee credit cards hammer you with the industry’s maximum APR right out the gate – usually around 29.99% – meaning there’s zero forgiveness for missing a payment. 

If you think you might need some help with old debt, new debt, or simply may miss a payment in the next year or so, you should absolutely stay away from a paid rewards card. Instead, consider our list of the Best 0% APR Credit Cards and Best Balance Transfer Cards. 

The card fits the lifestyle you want – not the one you have

Don’t make the same goober mistake I did!

From 2013 to 2015 I had a certain travel rewards card for work that commanded a $95 annual fee. And boy, was it worth it – my company required us to put all travel and dining charges on our own card (to be reimbursed later), so I was racking up the points. 

Then, when I left my job in 2015… I decided to keep my card a little longer, assuming I’d keep traveling. 

Instead, I settled in, wrote my book, and forgot to cancel my card. Basically, $95 down the drain.

Once I realized my mistake, I learned a valuable lesson in money management: 

Pick the credit card that fits the lifestyle you have – not the one you think you’ll have.

Questions to ask yourself before paying a credit card’s annual fee

Source: alexialex/Shutterstock.com

To consolidate the two previous sections, here’s a “gut check” questionnaire to see if a paid card is right for you:

  • Is my credit score high enough to apply for this card? Or do I need to bump my numbers?
  • Do I need 0% APR on purchases or a balance transfer? If so, a paid card typically doesn’t offer these and isn’t a fit – I should check out the top-ranked 0% APR cards for new purchases or balance transfers instead.
  • Why am I considering this card? Does it fit my existing spending habits? Or will it encourage me to spend more when I should be saving?
  • Will the welcome bonus offset its annual fee? Are the points worth a penny each, or less? And will I spend enough to trigger the welcome bonus in time (e.g. $4,000 in 3 months)?
  • Is it really better than a no-fee card? Now that no-fee cards offer up to 2% cash back on all purchases, is this paid card really worth it?
  • What is the combined statement credit worth? And will I even use it?
  • Will I really use this card for longer than a year? Or should I set a calendar note in 11 months to cancel it before paying the fee again?

When in doubt, stick with a no-fee rewards card. Like Mazdas and Toyotas, they truly are catching up to their “luxury” counterparts in terms of value and benefits for way less money. 

For a list of the top-ranked no-fee rewards cards, check out Best No Annual Fee Credit Cards – Don’t Pay A Dime To Get Another Credit Card. 

Tips for getting the most out of your no-fee card

They say that before you spend $35,000 on a shiny new car, you should spend $35 washing and waxing your old car first. Oftentimes, a good spit-shine is all you need to appreciate the car you already have. 

Similarly, if you’re considering upgrading from a no-fee card to a paid card, try spending a little time with your no-fee card first. 

  • Maximize your cash back rewards – Does your card offer rotating 5x cash back rewards categories like the Chase Freedom Flex℠? If so, be sure to both activate and maximize those rewards.
  • See what hidden perks your card has – Even no-fee cards offer a surprising amount of perks these days. Capital One VentureOne Rewards, for example, offers a free Auto Rental Collision Damage Waiver, free Travel Accident Insurance, automatic Extended Warranty Protection, and even lounge access – all for $0.
  • Consider another no-fee card first – If you still feel that your no-fee card isn’t meeting all of your needs or maximizing your cash back, consider another no-fee card before you invest in a paid card. As illustrated above, the Capital One VentureOne Rewards Credit Card is an excellent travel card with no fee that you can use specifically for booking flights and hotels without worrying about covering your annual fee.

Summary

So, should you pay for a rewards credit card?

Probably not. No-fee cards are just so generous with cash back and perks these days that most paid cards just aren’t worth it unless you’re spending gobs of money. 

But if that’s you, do the math – calculate how much you’ll spend on a no-fee card and its equivalent paid card, and determine how much money you’ll save and cash back you’ll earn. If a paid card truly pays you back in spades, it might be worth it. 

But for most of us, a no-fee rewards card will make us plenty happy.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

Read more:

Source: moneyunder30.com

Posted in: Credit Cards, Personal Finance, Saving And Spending Tagged: 0% APR, 2, 2015, About, agent, All, american express, Appreciate, apr, ask, Auto, balance, balance transfer, Balance Transfers, ball, banks, before, bend, Benefits, best, big, Bike, bills, black, bonus, bonuses, book, cabin, capital one, Capital One Ventureone, car, cash back, Cash Back Rewards, categories, cents, chase, chase freedom, chase freedom flex, chase sapphire, Chase Sapphire Preferred, chase sapphire reserve, chase ultimate rewards, Citi, companies, company, cost, Credit, credit card, credit card company, credit cards, credit history, credit score, credits, Debt, Digital, dining, double, earning, Entertainment, entry, existing, expenses, Fees, Finance, Financial Wize, FinancialWize, flight, flights, Free, freedom, freedom flex, garden, Giving, gold, good, great, guide, habits, history, hotels, How To, in, industry, Insurance, interest, Invest, job, Learn, learned, Life, Lifestyle, list, lounge access, low, LOWER, Luxury, Main, Make, man, mastercard, math, Membership Rewards, mistake, money, Money Management, More, needs, negotiate, new, no fee, offer, offers, oh, or, Other, penny, Personal, personal finance, place, plan, platinum, points, price, price match, priority pass, products, protection, questions, rental, rewards, Rewards Cards, right, save, Saving, second, short, simple, single, Spending, spending habits, stress, time, tips, Travel, travel card, Travel Cards, travel insurance, Uber, under, value, versus, visa, waiver, warranty, washing, will, work

Apache is functioning normally

May 31, 2023 by Brett Tams

We can’t rely on maintenance for everything.

When it comes to apartment living, ensuring the safety and security of your living space is crucial for your experience. Being aware of potential hazards that can arise during your lease term can save you time and money and protect you and your living experience.

We’ve gathered eight potential apartment mishaps and the practical tips and tricks renters need to know to safeguard their space. By taking proactive measures, you can create a safer living space and enjoy peace of mind in your apartment.

apartment safety tips will help prevent fires, a break in, and more

1. Fire

There are a lot of steps taken by property management for renters to protect them against fires. They install smoke detectors in key areas of your apartment and ensure they are in working order. Renters should take it one step further, by regularly testing them and replacing batteries as needed.

Residents should also inform themselves of the tools readily available in the building in the event of an emergency. Hallways should have fire extinguishers readily available and renters should educate themselves on how to use them. Additionally, it’s key to familiarize yourself with the building’s fire evacuation plan and exits.

2. Mold

Renters can take proactive steps to prevent mold growth in their apartments. One effective measure is to ensure proper ventilation by utilizing the installed fans in bathrooms and kitchen areas. These fans help to remove extra moisture from these high-moisture areas, reducing the chances of mold formation.

It is also crucial to promptly report any water leaks or excessive moisture to the landlord or property management. Necessary repairs or actions are then taken to address the issue and prevent mold growth. In the case of wet areas, it is important to clean and dry them to reduce the likelihood of mold growth.

poor maintenance or cleaning can result in pests for many renters

3. Pests

To safeguard your space from critters, start by keeping it clean and free of food crumbs. You can do this by regularly vacuuming and sweeping the floors, wiping down surfaces and immediately cleaning up any spills or crumbs as they come.

Another kitchen trick is to store food in airtight containers and promptly dispose of garbage in sealed bins. You can also request maintenance to seal any cracks or gaps in windows, doors and walls you notice to prevent pests from entering.

If necessary, use non-toxic pest control methods like traps or baits, or request your apartment to consult a pest control service to address any infestations you notice like bed bugs. These preventive measures effectively secure your apartment from pests and help you enjoy a pest-free living space.

4. Carbon monoxide poisoning

Protecting your apartment from carbon monoxide (CO) poisoning is crucial. Ask the leasing staff if CO detectors are in their apartments and if they’re not, request they do so or install your own. Other tips include avoiding indoor use of grills, keeping vents open and not blocked and educating yourself and your roommates about CO poisoning symptoms.

Common symptoms include headaches, dizziness, nausea, confusion, weakness and difficulty breathing. As carbon monoxide is colorless and odorless, it is challenging to detect without equipment. If you experience these symptoms and suspect carbon monoxide poisoning, it is important to evacuate your apartment immediately, seek fresh air and contact emergency services.

secure your apartment from electrical dangers

5. Electrical issues

Some common electrical issues renters may run into during their lease include power outages, tripped circuit breakers and faulty switches or outlets. While the on-site maintenance team is the best resource in most of these situations, there are a few things renters should have on hand in case of emergency.

During a power outage, having a portable battery pack is essential. You can charge your electronics, plug in a flashlight and have power on hand for however long you may need it.

For tripped circuit breakers and faulty switches, it’s best to leave these alone and consult the apartment maintenance team to avoid making the situation even worse. You can avoid these mishaps by not plugging too many things in at once and checking for faulty switches and plugs when you initially move in and notifying the leasing staff.

6. Burglary

While apartments are generally secure, burglaries can still occur meaning additional security is necessary. Start by checking that all potential entry points, including your apartment door and windows, have sturdy locks in good condition.

You can reinforce sliding doors with bars or a security rod with tools for additional peace of mind as well. If your apartment comes with a security system, it is worth the additional fee to utilize it for less stress. If they do not, consider installing an apartment-approved security system like a Ring doorbell camera to keep an eye on your apartment surroundings. Wireless alarm systems, door and window sensors and security cameras all further secure your apartment home.

It’s also important to establish good relationships with your neighbors, as they can act as an extra set of eyes and ears. If you’re going to be gone for a long period of time, asking a neighbor you trust to collect any packages or mail left in front of the door also helps your apartment appear occupied during your absence.

7. Storm damage

From light rain to tornados, there is a lot you can do to secure an apartment, belongings and yourself from potential damage. In the case of bad weather, make sure to remove any patio furniture that would be blown away or damaged by rain and other weather conditions. Moving your car to a higher level in the parking garage or a higher elevation spot on the road will also protect your car from the damage of flooding.

In severe weather, secure any loose items or furniture inside your apartment that could be easily knocked over during a storm. Another essential step is having an emergency kit prepared with essentials like flashlights, batteries and a first aid kit. Lastly, determine the building’s area designated for residents to go during a storm. If your building doesn’t have a storm shelter, choose an enclosed spot away from windows.

apartment security system in parking lot protects via professional monitoring to add extra protection

8. Personal safety is your first line of defense

We’re not always in our apartment, and it’s important to stay aware of your surroundings even in apartment common areas, garages and mail rooms. Avoid getting your mail or moving your car late at night to protect yourself from others.

If your apartment has a gate code or main door code, avoid sharing with too many individuals, as limiting access helps maintain security and prevents unauthorized entry. Being vigilant and cautious in these shared spaces can significantly contribute to the overall safety of your apartment.

Protect yourself and your living experience with enhanced apartment security

As a savvy renter, you may not have complete control over your new apartment living experience, but there are numerous proactive steps you can take to secure an apartment you’re renting. By following these tips and tricks and utilizing the apartment on-site teams, you’re protected from the expected and unexpected.

Ready to find your safe space? Start your apartment living journey today.

Source: rent.com

Posted in: Growing Wealth Tagged: 2, About, advice, aid, air, All, apartment, Apartment Living, apartments, ask, Bathrooms, bed, best, Blog, bugs, building, car, Clean, cleaning, containers, doors, Electronics, Emergency, entry, Essentials, evacuation, event, experience, Financial Wize, FinancialWize, fire, flooding, food, Free, front, furniture, garage, good, grills, growth, guide, home, How To, in, install, items, journey, kitchen, landlord, lease, leasing, Living, locks, Main, maintenance, Make, making, measure, mold, money, Move, Moving, neighbors, new, new apartment, or, Other, patio, peace, Personal, pest control, plan, points, proactive, property, property management, protect, ready, Relationships, Rent, renter, renters, renting, Repairs, roommates, safe, safety, save, security, smoke, smoke detectors, space, stress, time, tips, Tips & Advice, tips and tricks, tools, toxic, tricks, trust, weather, will, windows, wireless, working

Apache is functioning normally

May 30, 2023 by Brett Tams

Barndominiums have certainly come a long way since their introduction to the residential real estate market.

Today, these mostly rural residences that offer a combination shop and living quarters under one roof have gained in popularity, not only for their open floor plans, but also for their enormous spaces.

Often located on large parcels of land, the barn houses don’t have to be bland. In fact, we found five on the market that have raised the bar for both country style and ultraluxe add-ons.

Offering lots of space and less maintenance than a traditional home, the barndominium is now one of the hottest home styles on the market. Once considered an affordable alternative to conventional construction, many are now outfitted with luxury amenities.

From a resort-style home on 110 acres in Texas to a Colorado beauty with mountain views and a private airstrip, here are five luxurious barndominiums on the market that completely redefine the idea of country living.

Price: $659,900
Magnificent in Mississippi:
This recently transformed home sits on just under 16 acres.

The four-bedroom barndominium was completed in December 2022. It boasts a great room with a gas fireplace, custom built-in shelves, wide-plank floors, and window walls to let the natural light soak in.

The stylish eat-in kitchen offers a huge island with seating, a walk-in pantry, and a gas cooktop. The primary suite on the main level features a soaking tub and shower. Three more bedrooms can be found upstairs, and there’s a covered patio out back.

The enormous workshop area can also accommodate two cars.

Sumrall, MS

(Realtor.com)

———

Price: $2,500,000
Extra-large living:
This barndominium is proof that everything is bigger in Texas!

Sitting on 110 acres, the six-bedroom home boasts three entrances from the road, two full kitchens, and an outdoor oasis. With two separate entry doors, the residence could be used as two separate domiciles that connect through a hallway.

On one side, there’s a primary bedroom, living room, and kitchen with a butler’s pantry. The other side has a chef’s kitchen that opens to the pool area, a living room, two dining areas, and four bedrooms upstairs.

The separate, 2,400-square-foot shop has a full bathroom and can fit an RV.

The property includes an outdoor kitchen with a built-in grill, a pool and spa, and a fire pit.

Poolville, TX

———

Price: $779,900
Modern in Michigan:
This expansive, five-bedroom home gives new meaning to open-concept living.

The 4,271 square feet of space boasts 18-foot-high ceilings, exposed beams, and a large loft. Sliding barn doors, oversized windows, and sliding glass doors can be found throughout the bright and airy space.

The two-story great room features a loft area and a wall of windows overlooking the backyard. The upscale kitchen boasts a walk-in pantry and two enormous islands, including one with a prep sink.

The primary suite is on the first floor and has a walk-in shower with dual rain showerheads and a soaking tub. A floating staircase from the living room leads to four more bedrooms. There’s an oversized garage and a separate shop area with a bathroom.

Built in 2021, this barndominium sits on a 21-acre wooded lot.

Burt, MI

(Realtor.com)

———

Price: $1,499,999
Take off in Colorado:
This 7-acre property offers the opportunity to live, work, and fly.

The 6,744-square-foot barndominium comes with a private airstrip. The open floor plan features a spacious living room with a high ceiling and a gas fireplace. The bright kitchen is equipped with stainless-steel appliances, quartz countertops, and a large island with seating. The dining area is surrounded by windows overlooking the covered patio with a fire pit. There’s also a separate office area, and the recreation room has a wet bar and pool table.

The workshop includes a bathroom, infrared-ceiling heat, and five garage doors. The listing notes that its construction allows for a future conversion to an airplane hangar.

Montrose, CO

(Realtor.com)

———

Price: $1,500,000
Sweet country home:
This 3,757-square-foot open floor plan features custom cabinets, copper sinks, and wood beams.

The enormous living area has a cathedral ceiling and abundant windows. The modern kitchen boasts four ovens, a granite-top island with a breakfast bar, and a farmhouse sink. The walk-in pantry has space for an additional fridge or freezer.

The primary bedroom has sliding barn doors with direct access to a covered patio. The en suite bathroom has a soaking tub and gas fireplace.

The oversized shop area comes with two overhead doors, plus an outdoor covered area. The price was recently reduced by $150,000.

The 19-acre picturesque property has a creek running through it and includes storage sheds and a fenced area for animals.

Nevada, TX

(Realtor.com)

Source: realtor.com

Posted in: Moving Guide Tagged: 2, 2021, 2022, affordable, Amenities, appliances, Backyard, bar, bathroom, Beauty, bedroom, Bedrooms, breakfast, Built, cabinets, cars, ceilings, Colorado, construction, country, custom, dining, doors, entry, estate, farmhouse, Features, Financial Wize, FinancialWize, fire, fire pit, fireplace, floor, floor plans, future, garage, gas, great, Grill, heat, home, in, kitchen, kitchens, Land, Live, Living, living room, loft, Luxury, luxury amenities, Main, maintenance, market, MI, Michigan, mississippi, modern, modern kitchen, More, natural, Nevada, new, Oasis, offer, offers, office, Open floor plan, opportunity, or, Other, outdoor, Pantry, patio, plan, plank, plans, pool, prep, price, primary bedroom, proof, property, Real Estate, real estate market, realtor, Realtor.com, Residential, residential real estate, room, running, rural, RV, seating, shower, Side, sinks, spa, space, square, steel, storage, story, Style, suite, texas, traditional, tx, under, wall, windows, wood, work
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